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ENERGY TRANSITION

BP announces net zero 'ambition' by 2050

THE fifth largest oiler in the world, BP, has declared its ambition to reach net-zero carbon emissions across its operations by 2050 or sooner and increase the proportion of investment into non-oil and gas businesses.

Mark Tilly
BP announces net zero 'ambition' by 2050

  While newly appointed CEO Bernard Looney did not put a dollar figure on how much the company would spend to decarbonise, he said "trillions" would need to be spent in rewiring the world's energy system. ...

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