The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. August 5, 2020 BP to Slash Oil & Gas Production, Invest Billions into Renewable Energy  ------------------------------------------------------------------------ The fossil fuel giant BP said Tuesday it will slash oil production over the next decade and invest billions of dollars into renewable energy. Climate activist Bill Mc Kibben tweeted, "This feels like the most serious announcement from an oil major: after years of pressure from activists, BP to cut oil and gas production 40% by 2030. Far from perfect, but far from normal." .