BP likes to be beside the Teesside
The level of investment in the Net Zero Teesside project will be instructive as to how seriously BP and other majors are taking their recent emissions pledges
Some form of carbon capture, usage and storage (CCUS) will be essential if we are to get to net-zero emissions while still burning fossil fuels. As the UK has enshrined its 2050 pledge in law and the Net Zero Teesside project has near-ideal characteristics, the project’s success or failure will be enlightening. BP’s net-zero by 2050 pledge was greeted by applause and accusations of greenwashing in equal measure. But at the end of February it became the operator of a consortium—including Italy’s Eni, Norway’s Equinor, Shell and Total—that has taken leadership of the project from OGCI Climate Investments, giving its commitment more heft. The naysayers will have to eat their words—if real money
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