Net zero by 2050
New collaboration to develop offshore CCUS infrastructure
Six of the world’s biggest energy companies have joined forces on a project that could cut the UK’s industrial emissions in half
12 February 2020: bp announces net zero ambition. CEO Bernard Looney says: “We have to change. And we want to change ̶ this is the right thing for the world and for bp.”
26 February 2020: Underpinning bp's ambition is a drive to increase transparency. That work sees bp announce that it will leave three US-based trade associations following an in-depth review.
9 July 2020: bp turns up the dial on our net zero ambition with a trio of low carbon energy investments in two of the world’s fast-growing renewable energy markets.
4 August 2020: bp announces our new strategy that will see us transform. Major steps to take include large-scale reduction of our operational and upstream-related emissions, increased investment in renewables and a scaling back of hydrocarbons production.
10 September 2020: bp makes its first move into offshore wind with the announcement of a new strategic partnership with Equinor to develop major assets with the potential to power more than 2 million homes in US. Equinor is a leader in the offshore wind sector, which is growing at around 20% a year globally and recognized as being a key part of the world’s need to limit emissions.
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
The road to net zero
Find out more about how bp is working with Microsoft and the cities of Houston and Aberdeen to achieve their net zero ambitions
Net Zero Teesside
Net Zero Teesside is a carbon capture, utilization and storage (CCUS) project, based in the northeast of England, which has the potential to be the world’s first clean energy industrial cluster
Reimagining energy
How we aim to be a very different energy company by the beginning of the next decade
Comment and analysis
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