BP
The energy giants will accelerate the development of the Net Zero Teesside project, which aims to capture industrial emissions and store them underneath the North Sea
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’
The sell off is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020
It is buying additional equity in the firm via an issue of new shares, taking its interest from 43% to 50%
The oil giant will supply power from new build wind and solar projects in Sweden and Spain from 2021
The investment will enable Finite Carbon to launch voluntary carbon offset programmes for businesses for sustainable forest management
