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Getting climate, energy & environment news right.

Big Oil’s green makeover

Steven Mufson of The Washington Post reports that oil giant, British Petroleum is shifting its business model to focus more on renewable energy and clean technology.

The C3 Take
  • Traditional oil companies, such as BP, are investing more of their time and money into generating clean energy.
  • Businesses will continue to make this shift in their business models as renewable and clean energy becomes more financially incentivizing.

“Led by a new chief executive, BP is trying to reinvent itself as an energy company in the age of climate change. The company is shrinking its oil and gas business, revving up offshore wind power and developing solar and battery storage.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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