economy
BP plans to sell shares in flagship carbon projects as it pulls back from green agenda
Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders
TL;DR
- BP plans to reduce its stake in carbon capture and storage projects.
- The projects are located in the north-east of England.
- Shareholders have not been won over by these schemes.
- The oil firm is considering pulling back from these green initiatives.