As the governments of major economies are investing in the development of the fuel to decarbonize, BP CEO Bernard Looney is placing his bet on hydrogen to power future low-carbon industries. Despite being expensive to generate, low-carbon hydrogen has a large following and is predicted to play a significant part in lowering greenhouse gas emissions from heavy industries and some kinds of transportation.
This article discusses:
- BP is restructuring its organisation to establish a separate section for hydrogen
- BP is looking for ways to create green hydrogen
- BP intends to increase the amount of renewable energy it can produce
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