Stranded Assets
A Legacy of Greenwashing Haunts BP’s End-of-Oil Vision
The company that claimed to go “Beyond Petroleum” is now planning for a new era.
Photographer: Tim Rue/Bloomberg
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BP Plc is probably the first oil major that has made concrete plans for the end of oil—or at least the shrinking of its role. The company announced a big strategic pivot last month that would see it turn from an “integrated oil company” to an “integrated energy company.”