BP to become integrated energy company as it moves away from oil and gas
BP makes concrete plans for the end of oil, with plans to increase its renewable energy generation capacity 20-fold over the next decade
Sydney — BP is probably the first oil major that has made concrete plans for the end of oil — or at least the shrinking of its role. The company announced a big strategic pivot in August that would see it turn from an “integrated oil company” to an “integrated energy company”.
The labelling is mercifully less flamboyant than its previous attempts to look green. Whenever I tweet about BP, my mentions are inevitably full of references to “Beyond Petroleum”, the corporate slogan developed and endlessly advertised under Lord John Browne, three CEOs and two decades ago...