Getting climate, energy & environment news right.

BP takes majority stake in U.S. carbon offset firm Finite Carbon

Reuters reports that BP has become a majority stakeholder in Finite Carbon, a California-based carbon offset company.

“The firm plans to increase its renewable power capacity 20-fold by 2030 to 50 gigawatts while reducing its oil output by 40% and diverting more funds to low-carbon investments.”

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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