February 12, 2020 / 11:08 AM / 11 days ago

BP sets net zero carbon target for 2050

LONDON, Feb 12 (Reuters) - Oil and gas major BP said on Wednesday it would become a net zero carbon emitter by 2050, setting one of the industry’s most ambitious climate targets.

The London-based company also announced a structural reorganisation, with a new leadership team including a “more integrated entity”, dismantling the century-old separation of its upstream and downstream operations.

Reporting by Shadia Nasralla, editing by Louise Heavens

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