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World

Why BP is ditching renewables

25 February 2025

11:04 PM

25 February 2025

11:04 PM

Among the big, bad oil companies in borstal for environmental offenses, BP has long been the relatively benign one, the class pet. Remember how former chief executive Lord Browne two decades ago promised to take the company ‘Beyond Petroleum’ to a golden future of clean energy? In 2004, in a forerunner of the ESG indices which are commonplace today, Goldman Sachs picked out the company as the most environmentally and socially aware of all oil companies.

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