BP is to cut £14 billion ($17.5bn) from the value of its assets as the COVID-19 pandemic accelerates net zero transition.
UK oil and gas major BP has announced it will cut 10,000 jobs in a response to COVID-19 and the subsequent economic downturn.
The new episode of the Solar Media Podcast is now available, featuring discussion on the future of ultra-cheap renewables and worldwide power markets.
The parliamentary pension fund has been championed for an increase in renewables investment, however investments into O&G companies continue.
In this month’s episode of the Solar Media Podcast, Liam Stoker and Andy Colthorpe discuss how the clean energy economy is responding to the coronavirus, while Andy reports from PV Expo in Tokyo, which itself felt the effects of the virus outbreak. Cutting edge solar tech, CfDs, BP's net zero plans and what Jeff Bezos is doing for the environment also feature.
A collection of oil and gas majors are to launch a carbon capture utilisation and storage (CCUS) “anchor project” as part of Net Zero Teesside.
Following BP’s announcement that it will now pursue the ‘ambition’ of attaining net zero status by 2050, Liam Stoker reflects on announcement, what BP has actually said and, crucially, what it hasn’t.
Global oil and gas major BP is to “fundamentally re-organise” its business, establishing a new low carbon power unit and doubling down on clean investments in a bid to become net zero by 2050.
DNO delays blamed as BP Chargemaster rolls out 'significantly' fewer ultra-fast chargers than planned
BP’s VP of advanced mobility, Roy Willliamson, has blamed the speed of putting DNO infrastructure in place for slowing down the roll-out of ultra-fast chargers, whilst stressing the value of data in a digital economy.