Cannon-Brookes issues challenge to BP to invest more in clean energy, saying he was personally investing more than the oil and gas giant.
BP CEO says the oil and gas supermajor will “probably” bid on offshore wind rounds in next six months, as part of pivot into renewables and hydrogen.
BP’s commitment to massive investment in renewables and EVs, and a huge fall in oil production, hailed as significant step for the oil industry.
British oil and gas supermajor increases stake in solar developer Lightsource BP to fast-track plans to develop 10GW of renewable energy assets by end 2023.
Global energy demand grew above its 10-year average in 2017 and carbon emissions increased after three years of little-to-no growth, according to BP’s 67th annual Statistical Review of World Energy.
The 2016 BP energy outlook, published this week, shows the oil company’s views on the shape and direction of energy demand over the next 20 years have barely shifted.
If BP is basing its business model on its energy outlook, it has major problems. The huge report makes just four mentions of solar, claiming it will not be competitive with gas for at least another 20 years.
We asked oil, gas and coal companies for their take on carbon bubble research. None considered it a threat to their business this century.