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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose, Julia Kollewe and Kalyeena Makortoff

‘Very concerning’: BP dilutes net zero targets as global retreat from green standards gathers pace

British Petroleum Oil United States BlackRock Shell European Union Vanguard
A sign at a BP petrol station is reflected in raindrops
BP said last week it was dropping fossil fuel pledges. Photograph: Luke MacGregor/Reuters

In early 2020, Bernard Looney had one clear goal as the incoming chief executive of BP: to convince the world to see the oil company differently. For a time, he did exactly that.

In a glossy, high-concept London campaign launch, the BP boss set out 10 new aims for the company, the most significant being BP’s transformation to a net zero energy company by 2050.

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