BP denies over-paying for UK wind, global CO2 price, zero-carbon steel + MORE

💥Energy Flux💥Wednesday 23rd June 2021

BP has set itself the tough task of installing 50 GW of renewables capacity this decade, meaning it must bid competitively to secure big projects that can deliver at scale. The British oil major outbid rivals to enter the UK offshore wind market in February, but CEO Bernard Looney assures us this was a prudent move – despite others paying much less to p…