bp to focus on bioenergy as part of net zero ambition


Having released its full year results for 2021, energy giant bp has provided updates on its strategic transformation into an integrated energy company and its acceleration of net zero ambitions.

Part of this will see the company aiming to generate earnings of $9-10bn from transition growth businesses by 2030, driven by five transition growth engines: bioenergy, convenience, electric vehicle (EV) charging, renewables and hydrogen. 

Commenting on the updates, Bernard Looney, Chief Executive, bp, said, “We enter 2022 with growing confidence. The past two years have reinforced our belief in the opportunities that the energy transition presents – to create value for our shareholders and to get to net zero.” 

“The need for, and role of, an integrated energy company (IEC) has – to our minds – never been clearer.” 

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...