BP dropped green energy projects worth billions to focus on fossil fuels

BP pumped billions of pounds into low-carbon technology and green energy over a number of decades but gradually retired the programme to focus almost exclusively on its fossil fuel business, the Guardian has established.

At one stage the company, whose annual general meeting is in London on Thursday, was spending in-house around $450m (£300m) a year on research alone - the equivalent of $830m today.


Mike Mozart (CC BY 2.0)