A massive hydrogen project at the heart of Ed Miliband’s net zero plans risks being cancelled as BP retreats from green ...

A massive hydrogen project at the heart of Ed Miliband’s net zero plans risks being cancelled as BP retreats from green targets. The H2Teesside scheme, announced in 2021 by the company’s then ...

The 1.2GW project was set to produce hydrogen from natural gas and capture associated emissions, contributing heavily to the ...

BP’s Teesside scheme had been slated to deliver more than 10pc of Ed Miliband’s hydrogen production target - Wiktor Szymanowicz/Future Publishing via Getty Images ...

Between 2031 and 2050, BP's strategy reset will likely result in an additional 338,000 heat deaths, according to the analysis. The net zero target BP originally set in 2020 committed the firm to ...

BP hasn’t said as much, but observers fear the 2050 net zero target will, at least, take a back seat now. The firm has already slashed its reduction targets for oil and gas output. The company ...

British oil and gas supermajor BP is expected to announce today its decision to scrap a previous target to ramp up renewable generation capacity 20-fold by 2030, returning instead to a focus on ...

To reach its target, BP plans to construct by 2030 five biofuel plants processing "unloved" waste feedstock, known as HEFA, BP head of biofuels Nigel Dunn said in an interview. "They make perfect ...

up from a previous target of 60 per cent. It intends to repurchase at least $14bn in stock over the course of 2024 and 2025, it said. Investors were also cheered as BP’s underlying profits of $ ...