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Bp announced its shift away from oil to greener energy resources including natural gas renewable fuels wind solar and hydrogen.
Bp renewable energy companies. While bp and other european companies invest billions in renewable energy exxon and chevron are committed to fossil fuels and betting on moonshots. This change in course is evocative of when netflix abandoned dvd. By clifford krauss houston as oil prices. 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.
The joint venture is capable of exporting 1 200gw hours of biopower to the national grid. Bp will supply renewable energy to microsoft across multiple countries and regions including the us europe and latin america. Bp bunge bioenergia produces renewable energy from its biofuels manufacturing sites. Microsoft and bp have signed a framework agreement for renewable energy projects that aims to provide renewable energy to help power microsoft s datacentres.
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