BP to focus transition portfolio in solar generation

BP to focus transition portfolio in solar generation The United Kingdom based BP aims to move from an international oil company (IOC) to international energy company (IEC). Bernard Looney, BP’s Chief Executive Officer recently stated, “No one knows the precise path – but the energy mix is changing – oil and gas are going to be increasingly challenged – and other forms of energy are going to see incredible growth”. To this he continued that, “We have a new guiding purpose – to reimagine energy for people and our planet. A bold ambition – to be a net zero company by 2050 or sooner and to help the world to net zero”. To achieve this target the business looks to reach 50GW in renewables by 203

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