Bp And Renewable Energy

Bp is seeking a piece of the growing renewable energy market as major companies particularly in the tech sector are shifting away from fossil fuels toward more sustainable energy sources. Bp will cut about 15 of its workforce in response to the coronavirus crisis and as part of chief executive bernard looney s plan to shift the oil and gas major to renewable energy the company. Today announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of.

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Bp and renewable energy.

Bp announced its shift away from oil to greener energy resources including natural gas renewable fuels wind solar and hydrogen. This change in course is evocative of when netflix abandoned dvd. Renewables are the fastest growing energy source contributing half of the growth in global energy with its share in primary energy increasing from 4 in 2019 to around 15 by 2040 in bp we have an established and growing alternative energy business with a significant portfolio across renewable fuels power and products. Renewable energy sources will be the world s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history according to bp.

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