Critical moment for clean energy policy

Policy matters. As we continue working to provide the cleaner, reliable and affordable energy needed today and investing in the energy system needed for tomorrow, policy is critical.

That’s why we urge lawmakers to act now and support energy legislation that advances a competitive American economy and an energy system fit for the future.

Policy can provide the certainty needed for the business community to invest billions of dollars in low carbon and renewable technologies such as offshore wind, hydrogen and carbon capture and storage (CCS).

That’s why bp supported the suite of clean energy incentives passed by the House of Representatives last year. And it’s why we’re proud to join Ceres and more than 100 companies and investors for LEAD on Climate 2022 in a united call for Congress to pass an ambitious package of federal clean energy investments.

We are working hard to produce the resilient hydrocarbons that the world and the US need today while also investing in America’s clean energy economy:

• We’re partnering with Equinor to deliver major offshore wind projects, including the Empire and Beacon Wind projects in New York that will generate up to 4.4 GW when fully developed.
• We’re advancing solar energy projects across the United States – through our joint venture with Lightsource bp as well as solely owned projects.
• ?And we’re working hard to advance the right policies at the federal and state levels that will help bring CCS and hydrogen projects like bp’s Net Zero Teesside to the US.

We can provide the energy the world needs today and accelerate the energy transition at the same time. And we welcome policy that will unlock the potential for cleaner energy solutions.