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BP bounce back . . .
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"In the first three months of this year alone, BP has invested in a $1.1bn US offshore wind project in partnership with the Norwegian giant Equinor and a near-£1bn bid to develop two offshore wind projects in the Irish Sea in partnership with Energie Baden-Wuerttemberg of Germany. It is also investing heavily in the UK's biggest "blue" hydrogen facility on Teesside and in BP Pulse, its electric vehicle charging network. It is fair to say the market was sceptical. BP is seeking profitably to transition away from fossil fuels and turn itself into an integrated energy company which, while still producing hydrocarbons, will be increasingly focused on low-carbon electricity and energy solutions. " The good news just keeps coming . Companies adapt to changing circumstances. It looks like we are going to have a few years of success for many UK companies. The merchants of doom and gloom have been proved to be wrong time and time again. | |||
"In the first three months of this year alone, BP has invested in a $1.1bn US offshore wind project in partnership with the Norwegian giant Equinor and a near-£1bn bid to develop two offshore wind projects in the Irish Sea in partnership with Energie Baden-Wuerttemberg of Germany. It is also investing heavily in the UK's biggest "blue" hydrogen facility on Teesside and in BP Pulse, its electric vehicle charging network. It is fair to say the market was sceptical. BP is seeking profitably to transition away from fossil fuels and turn itself into an integrated energy company which, while still producing hydrocarbons, will be increasingly focused on low-carbon electricity and energy solutions. " fantastic news | |||
