bp's ambition is to become a net zero company by 2050 or sooner and to help the world get to net zero. 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 emissions offshore.
It's a challenge our people thrive on, knowing that the energy generated in the north-east of Scotland is helping to keep our company on a strong footing to help fund increased investment in low carbon activities.
bp's new strategy, announced in August 2020, will see us pivot from an international oil company to an integrated energy company, increasingly investing in low carbon solutions.
The good news is we're not starting from scratch. Our existing low carbon businesses provide us with a solid foundation, including in Scotland.
Whether it's exploring offshore wind opportunities or powering more than 1,000 homes with clean electricity from Lightsource bp's solar development in Angus, we are delivering right here in Scotland to help meet the world's growing demand for low carbon energy.
That extends to helping our communities through innovative partnerships with Aberdeen City Council and Future Woodlands Scotland. With the former we aim to help the Council achieve the goals of its Net Zero Vision to reduce carbon emissions and become a climate positive city. With the latter, bp has enabled the creation of a £2million fund to help create and restore native woodlands across the country.
Our partnerships and low carbon businesses - both those operating now and proposed for the future - will see us build on and transform our long-standing position in Scotland's energy industry.