BP scales back climate targets as profits hit record
Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030.
The company's profits more than doubled to $27.7bn (£23bn) in 2022, as energy prices soared after Russia invaded Ukraine.
Other energy firms have seen similar rises, with Shell reporting record earnings of nearly $40bn last week.
It has led to calls for energy firms to pay more tax as people's bills soar.