Renewable Energy

(asked on 19th March 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what discussions he has had with BP on the company's new strategy to prioritise oil and gas production over investment in renewable energy; and whether he has made an assessment of the potential impact of this decision on the Government's green strategy.


Answered by
Michael Shanks Portrait
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 28th March 2025

We have noted the changes bp is making to its strategy. Such decisions are a commercial matter for the company.

The Government is unable to assess the potential future impact of the new strategy on the UK as it relates to the company’s global business rather than being focused on activities in this country. However we welcome the significant investment bp is continuing to plan to make in low carbon projects in the UK, including in the East Coast Cluster.

Existing regulation of emissions from bp’s activities in the UK remain unchanged.

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