We will do this by investing in a portfolio of high growth technology businesses that will benefit and extend our core businesses, as well as open up opportunities in digital adjacencies. We will also invest in businesses that can help bp reduce carbon in its operations and production.
bp ventures was set up more than twelve years ago as a way of accessing disruptive technologies and business models in the renewable energy sector to deliver strategic value for bp. Whilst the reason we were set up hasn’t changed, our purpose has been renewed through bp’s net zero ambition.
