The French oil major plans to boost annual investments in renewables and electricity by $1bn, although gas will remain a key source of revenue
The deal follows a similar supply agreement for renewable jet biodiesel between Neste and rival oil giant BP last month
BP's Energy Outlook 2020 sketches three possible pathways for the global energy system to follow to 2050, from 'net-zero' to 'business as usual'
BP makes first major move in support of new net zero emissions strategy, with $1.1bn move to secure stakes in wave of US offshore wind projects
Decision comes in response to rising demand for sustainable aviation fuel in Europe, according to the two firms
BP, Shell and Total have all written down value of their assets by billions in the second quarter of 2020, but Exxon, Equinor and ConocoPhillips failed to report any significant material impairments
New research reveals UK could source two thirds of its power from renewables by 2030, as calls grow for government to accelerate clean energy auction pipeline and introduce green tax breaks
In Sunday Times interview, BP chief executive admits that without new decarbonisation strategy the company would struggle to attract and retain top talent
BP announces pivot to become 'integrated energy company' as it pledges to cut oil and gas production by 40 per cent and ramp up clean energy and technology investment after suffering record loss in the second quarter of 2020