BP Retreats from Clean Energy Ventures | Business and Finance News

BP is pulling back from its clean energy ambitions, selling off most of its venture portfolio—including over ten green tech startups—to Verdane. This follows earlier shifts away from renewables and signals a major pivot back to its core oil and gas business. BP Ventures, launched in 2007 and once invested in everything from hydrogen to self-driving cars, will retain only a few bets tied to its main operations—though which ones remain unclear. Layoffs are likely as the transition wraps up by Q2 2027. It’s a clear sign that even once-ambitious energy giants are scaling back on green bets to focus on what they know best. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/42206636b7db8f52