Two new reports published within days of one another have outlined the difficulties inherent in continuing anything close to “business-as-usual” for oil and gas companies around the world, and the increasing pressure to begin transitioning to low-carbon operations.
BP CEO Bob Dudley, in his keynote speech given as the “Petroleum Executive of the Year” on Wednesday, raised his concerns with the global divestment and disclosure movements that have risen up around the fossil fuel industry, saying that they “could lead to bad outcomes.”
International energy storage giant Centrica has expanded its solar engineering, procurement and construction (EPC) footprint on the west coast of the US with the acquisition of Vista Solar. We spoke with Stephen Prince, head of Centrica Business Solutions for North America about why the acquisition of Vista Solar made sense for Centrica and what it hints at for the future.
British solar developer Lightsource BP has announced the acquisition of a US portfolio of 6 solar development assets worth 135 megawatts (MW) based in the United States.
Oil and its allies are doing what they can to delay the day of reckoning, but it’s just a matter of time before fossil-powered vehicles join sailing ships, horse-drawn carriages, and bowler hats in making the transition from necessary to nostalgic. What will Big Oil do?
I had to smile at the news of BP getting more into e-mobility because I remember being selected for a BP panel years ago when the company decided to “become green.” It basically painted its logo green, in perfectly logical corporate fashion. A decade later, BP Downstream has acquired UK electric vehicle (EV) charging station network Chargemaster. But this acquisition hasn’t been BP’s only EV move in recent months.
Since it is being backed by oil industry lobbyists, one might ask, could a carbon tax actually be a benefit for the oil industry in some way? It is a question worth asking.
So much electric vehicle news, so little time, but what actually changed in the electric vehicle industry last month? Below is some notable news.
BP Ventures invests $20 million into an ultra-fast-charging battery developer called StoreDot that targets a battery for electric vehicles that charges in just 5 minutes. The goal is to commercialize a flash battery for mobile communication devices as early as 2019 followed by an EV battery. Who said petroleum companies were sitting on a goldmine and not taking advantage of it?
With Google and Apple boasting they met their 100% renewable energy targets in 2017, here is a closer look at how big companies go about acquiring the necessary renewable energy, and the difference being “matching” your power and being “powered” by renewable energies.
