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  1. Home
  2. We're backing Britain

We're backing Britain

bp’s impact on the UK economy in 2022

Read the report

Backing Britain: delivering home-grown energy 

The UK has a plan to boost long-term energy security and cut emissions and, at bp, we’re already hard at work on the challenge. While we’re mostly in oil and gas today, we’ve increased global investment in our lower carbon, convenience stores and power trading businesses (what we call our ‘transition growth engines’) from around 3% in 2019 to around 30% in 2022 and our UK investment plans include billions for solutions like offshore wind, EV charging, hydrogen and carbon capture, as well as maintaining a secure supply of energy through North Sea oil and gas.
 
These plans go beyond just infrastructure - they see us supporting the economy, skills development and job opportunities in the communities where we operate.
 
Read more about what we’re doing


The UK projects in which we’re looking to invest - and the wider activities supporting them - include:

UK economic contribution at a glance

UK economic contribution at a glance

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Carbon capture storage (CCS)

Carbon capture storage (CCS)

We’re helping deliver this by leading one the UK’s first Carbon Capture and Storage (CCS) clusters to safely transport and store millions of tonnes CO2 emissions.
EV charging

EV charging

We plan to invest £1 billion in the UK over the next 10 years in electric vehicle charging in the UK, supercharging the roll-out of fast, convenient charging across the country
Teesside landscape

Hydrogen

We’re designing and developing world-class hydrogen hubs in the UK
Clair Ridge platform

North Sea oil and gas

We’re working hard to make our North Sea business the safest in the region and even more efficient and sustainable, deploying some of the latest technologies to reduce operational emissions offshore.
Offshore wind farm

Offshore wind

We're developing leading-edge offshore wind farms in the Irish and North Sea, contributing to the UK's 50GW and Scotland's 11GW offshore wind targets for 2030.
bp retail

Retail

We’re continuing to develop our retail network across the UK, providing advanced fuels and market-leading convenience, through our partnership with M&S Food.
Solar power

Solar

Solar energy is set to play a vital role in accelerating the UK’s net zero transition and supporting the country’s urgent need for more home-grown energy.
Our transformation

Our transformation

The world wants and needs a better and more balanced energy system – one that delivers energy that is secure and affordable, as well as lower carbon.