Bp Plc
Climate love
Climate love
winnie nguru
83 w
Backs green hydrogen start up aiming to chop fuel prices
BP (BP.L) has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen.
BP Ventures, the British energy giant's venture capital arm, was among several investors in a $12.5 million Series A financing in U.S.-based Advanced Ionics, the companies said on Tuesday.
Other investors include Mitsubishi Heavy Industries (7011.T), Clean Energy Ventures and Gatemore Capital Management.
https://www.reuters.com/business/energy/bp-backs-green-hydrogen-start-up-aiming-cut-fuels-costs-2023-08-15/
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83 w
Bp invests the most in fossil fuels.
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83 w
It's a great move but BP needs put more efforts and shift away from fossil fuel
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83 w
I think it's great that this investment has been made, but we can't let it distract from the fact that BP still invest a vast majority of their money into not just fossil fuels but climate denial.
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83 w
BP doesn't deserve climate love as long as they are fueling the climate crisis at 99% of their investment
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83 w
I doubt BP are committed to environmental conservation
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83 w
BP is doing a great job on matters climate
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83 w
@johnte_ndeto Not really. BP invests more than 99% in fossil Fuels that is causing the Climate crisis. They need to do so much more in this direction. But fine. This action is better than nothing.
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83 w
This a great invention. This will rapidly help in the reduction of carbon foot print.