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BP

Energy

'BP has woken up': Oil giant pledges to reduce fossil fuel portfolio in beefed up net zero strategy

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

clock 04 August 2020 • 5 min read

Energy

'Stranded': Total writes down $8bn of fossil fuel assets

French oil giant concedes oil sands projects are becoming too expensive and warns that 'beyond 2030' peak oil demand beckons

clock 30 July 2020 • 4 min read

Energy

Oil and gas industry unveils new carbon intensity targets

Oil and Gas Climate Initiative hails 'further step in support of the Paris Agreement' as national oil majors back new emissions goals

clock 16 July 2020 • 6 min read

Energy

'Fundamental change': How write downs and bankruptcies are fuelling stranded asset fears

Shell and BP are writing down assets while a raft of US fracking firms are entering bankruptcy protection – change is coming to the fossil fuel industry faster than anyone expected

clock 03 July 2020 • 11 min read

Venture Capital

BP invests $5m in methane leak-detecting specialist Satelytics

Cloud-based geospatial analytics firm uses imagery and machine learning to monitor environmental changes such as methane emissions

clock 22 June 2020 • 2 min read

Net Zero Now

'A pivotal moment': BP Statistical Review confirms net zero shift was gathering pace before pandemic struck

Oil giant publishes latest edition of influential global energy market analysis, revealing renewables growing competitiveness and mounting fears over slow pace of decarbonisation

clock 17 June 2020 • 7 min read

Editor's Blog

Breaking: Biodiversity

clock 16 June 2020 • 5 min read

Risk

'Clock is ticking': Analysts warn that following BP decision, oil sector should brace for more write-downs

Carbon Tracker analysis details how four European oil majors have now taken hits to their asset valuation as net zero transition gathers pace

clock 15 June 2020 • 4 min read

Energy

BP to slash oil asset value by $17.5bn as it predicts faster net zero shift

Oil and gas giant warns of 'enduring impact' of Covid-19 crisis which it expects will accelerate transition to net zero economy

clock 15 June 2020 • 3 min read

Investment

BP confirms job cuts, reasserts clean energy pledge

Oil major announces it is to cut around 10,000 jobs globally, as CEO predicts coronavirus crisis will accelerate company's transition towards cleaner energy sources

clock 09 June 2020 • 3 min read
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