BP commits to net zero by 2050

The energy giant has pledged to invest more in low carbon technologies and less in oil and gas after acknowledging ‘the world’s carbon budget is finite and running out fast’

BP has committed to reaching net zero by 2050.

The energy giant has pledged to invest more in low carbon technologies and less in oil and gas after acknowledging "the world’s carbon budget is finite and running out fast".

CEO Bernard Looney said: "We need a rapid transition to net zero. We all want energy that is reliable and affordable, but that is no longer enough.

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