All Articles
Venture Capital

Big Oil Wants In On Green Tech Startups

October 30, 2023
x min read

Oil and gas giant BP is ramping up their venture capital arm for green technology startups.

What’s happening:

  • The venture arm of oil giant BP has recently publicly stated that they will focus almost exclusively on funding green technology startups moving forward through their venture capital arm
  • The areas of opportunity that BP Ventures will look to fund include electric vehicles, bioenergy, hydrogen and renewable energy

By the numbers:

  • BP Ventures has invested roughly $1B since its inception
  • This year BP Ventures claims they will deploy approximately $200M into new startup investments

Going deeper:

The fine print:

  • BP is currently an enormous emitter of carbon, being directly responsible for approximately 340 million tonnes of CO2 last year alone
  • To put BP’s emissions into perspective, the entire country of France was responsible for 330 million tonnes of CO2 last year

Discover what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.