1. Home
  2. News and insights
  3. Reimagining energy
  4. Net zero by 2050

Net zero by 2050

We’ve set ambitious aims to reduce emissions, scale up renewables and invest more in low carbon. We’ll report back here with progress on our #bpNetZero journey
-

How we’re preparing bp for the future: our progress in numbers

Twelve months ago, we launched a new strategy and began reshaping bp. A year on, we share the numbers that show where we were prior to the pandemic, where we are today, and where we’re aiming to get to by the end of the decade

Follow our progress to net zero

 

10 November 2020: bp takes the next step in its aim to develop a new hydrogen business by partnering with offshore wind expert Ørsted in a project at bp’s Lingen refinery in Germany. The two companies intend to build wind-powered technology that can produce hydrogen from water. Hydrogen is expected to have a critical role to play in decarbonizing the power, industrial and transport sectors in the coming decades.

5 January 2021: bp CEO Bernard Looney and Christiana Figueres, who oversaw delivery of the landmark Paris Agreement on climate change, join forces to urge governments, investors, employees and the public to get behind companies committed to a low transition in an opinion piece for CNN.com

8 February 2021: bp advances its offshore wind growth strategy by entering the world-class UK sector with 3GW of advantaged leases in the Irish Sea as part of a partnership with German firm Energie Baden-Wuerttemberg AG (EnBW). Once operational, this generating capacity would be sufficient to power more than 3.4 million UK households with clean electricity.   

15 March 2021: bp joins forces with Volkswagen Group to extend and speed up the deployment of ultra-fast electric vehicle (EV) charging facilities at bp retail sites across the UK, Germany and elsewhere in Europe. Later that month, bp also teams up with BMW Group and Daimler Mobility AG to take a stake in Digital Charging Solutions (DCS), one of Europe’s leading developers of digital electric vehicle (EV) charging solutions for automotive manufacturers and vehicle fleet operators.

18 March 2021: bp is developing plans for the UK’s largest blue hydrogen production, targeting 1GW by 2030. H2Teesside aims to capture and store up to two million tonnes of carbon dioxide (CO₂) per year, equivalent to the emissions from the heating of one million UK households. Located on Teesside in the northeast of England, the project would be integrated into the region’s already-planned Net Zero Teesside (NZT) and Northern Endurance Partnership (NEP) carbon capture use and storage projects, of which bp is operator.

Net zero ambition in action

How we aim to be a very different company by 2030 and some of the projects we are undertaking on our net zero journey

Making EVs more accessible
The road to net zero
Net Zero Teesside

Comment and analysis

Stay informed with what our leaders have to say about all the latest hot topics


Find out more

Bernard Looney, bp CEO, highlights the important role hydrogen can play in helping to decarbonize hard-to-abate industries
Giulia Chierchia, strategy and sustainability: “Putting sustainability at the heart of what we do”  ̶   bp’s new sustainability frame
William Lin, regions, cities and solutions, comments on bp’s partnership with Microsoft and how this supports our aim to work with cities, key industries and major corporates to help them develop their decarbonization plans

Latest net zero news

Be the first to know...

Keep up to date with all the latest developments on our net zero journey by signing up to our monthly newsletter
 

Enter your email address to register news alerts
 

Explore our rooms

Looking for something specific? Browse our five other rooms, where you can go deeper into each subject with related news, views and features