LSE:BP.Oil and Gas
BP Teesside Steel Review Puts Political Risk And New CEO In Focus
BP (LSE:BP) is under UK government review over its decision to use Chinese steel for the taxpayer backed Net Zero Teesside carbon capture project.
Officials are examining how a contract labelled as green steel was awarded to a Chinese supplier rather than domestic producers.
At the same time, Meg O’Neill is preparing to take over as BP’s new CEO during a key phase for the company’s energy transition plans.
BP is one of the largest integrated energy companies, with operations spanning oil,...