BP released Aug. 4 their strategy for transitioning from an “oil” company to an “integrated energy” company, including a 10-fold increase in low carbon investment by 2030 and reducing operational emissions 30-35% before 2030.
The energy company plans to focus on three main areas of sustainability: low carbon electricity and energy, convenience and mobility and resilient and focused hydrocarbons. They plan to partner with 10-15 cities and three core industries in decarbonization efforts by 2030 and to increase their annual low carbon investment to around $5 billion a year.
