BP Aims to Build 50GW of Renewables by 2030, Cut Fossil Fuel Output by 40%
GreenTechMedia
AUGUST 4, 2020
BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. BP is now targeting 50 gigawatts of renewables capacity by 2030, an ambition that puts it on a level with French utility giant EDF.
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