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BP

Wind

BP and Equinor team up for multi-billion dollar US offshore wind push

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

clock 10 September 2020 • 3 min read

Aviation

BP and Neste to ramp up supply of aviation biofuel to European airports

Decision comes in response to rising demand for sustainable aviation fuel in Europe, according to the two firms

clock 20 August 2020 • 2 min read

Risk

Carbon Tracker: Oil and gas giants take $87bn hit on assets in nine months

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

clock 17 August 2020 • 3 min read

Energy

National Infrastructure Commission: Plummeting costs mean UK should double down on renewables

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

clock 11 August 2020 • 7 min read

Net Zero Now

BP boss: Net zero plan is critical for 'socially challenged' oil industry

In Sunday Times interview, BP chief executive admits that without new decarbonisation strategy the company would struggle to attract and retain top talent

clock 10 August 2020 • 3 min read

Energy

Resilient dividends and integrated energy: Five things we learnt from BP's net zero strategy

clock 04 August 2020 • 7 min read

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
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