While bp and other european companies invest billions in renewable energy exxon and chevron are committed to fossil fuels and betting on moonshots.
Bp renewable energy companies.
We operate nine sites in six us states and hold interest in another facility in hawaii.
By clifford krauss houston as oil prices.
Bp bunge bioenergia produces renewable energy from its biofuels manufacturing sites.
By 2025 the company intends to have approved more than 20 gigawatts of renewable energy projects an eightfold increase from 2019 dev sanyal bp s executive vice president of gas and low carbon.
Bp is seeking a piece of the growing renewable energy market as major companies particularly in the tech sector are shifting away from fossil fuels toward more sustainable energy sources.
Bp announced its shift away from oil to greener energy resources including natural gas renewable fuels wind solar and hydrogen.
The joint venture is capable of exporting 1 200gw hours of biopower to the national grid.
This change in course is evocative of when netflix abandoned dvd.