Energy Transition

Back to black? European oil giants’ renewables dilemma

BP’s commitment remains an icon of the European oil companies transition journey, but are renewables pipelines withering?

BP chief executive Murray Auchinloss is trying to hit net zero targets while providing the rewards that shareholders demand — BP chief executive Murray Auchinloss is trying to hit net zero targets while providing the rewards that shareholders demandPhoto: BP

Gareth Chetwynd

Senior Correspondent

Published 19 August 2024, 11:00Updated 19 August 2024, 11:00