Bp Renewable Energy Strategy

Today announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of.

Bp renewable energy strategy.

Bp announced its shift away from oil to greener energy resources including natural gas renewable fuels wind solar and hydrogen. The ceo of oil and gas giant bp told cnbc on wednesday that its decision to reset its dividend to 5 25 cents a share was deeply rooted in strategy. Bp will host a capital markets day in september to set out its strategy and near term plans. Our new sustainability frame links our strategy to our purpose to reimagine energy for people and our planet.

Bp produces the energy outlook to inform its analysis and strategy and for the past ten years has published it as a contribution to the wider debate about the future of energy. Bp to supply microsoft with renewable energy to help meet the company s 2025 renewable energy goals london uk redmond washington 15 september 2020 bp and microsoft corp. In a strategy update on tuesday bp said it would cut its oil and gas output by 40 by 2030 and spend 5 billion a year on low carbon projects that it hopes will turn it into one. Renewables are the fastest growing energy source contributing half of the growth in global energy with its share in primary energy increasing from 4 in 2019 to around 15 by 2040 in bp we have an established and growing alternative energy business with a significant portfolio across renewable fuels power and products.

The outlook is only one of many sources when considering the future of global energy markets and bp considers a wide range of other analyses and information. This change in course is evocative of when netflix abandoned dvd. Bp s new purpose is reimagining energy for people and our planet. This accounted for over 40 of the global growth in primary energy last year which is larger than any other fuel.

The newly announced dividend represents a. Net zero people and planet include prioritised themes linked to the un sustainable development goals. Bp strategy offers energy investors a real choice in direction. In developing economies and as a source of near zero carbon energy in developed economies while they switch to greater renewable.