BP’s interim chief executive Murray Auchincloss (pictured) has said the company’s renewables strategy and net zero ambition remains unchanged following the departure of Bernard Looney.
In a presentation to investors in Denver, Auchincloss said developing low carbon technologies remains one of BP’s core activities.
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This includes offshore wind, solar projects and investment in hydrogen.
BP expects to spend up to $5bn per year by 2025 on these projects, according to the presentation.