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Inside the failed green revolutions at BP and Shell

How the energy giants tried to transform their businesses — but ended up dramatically scaling back those plans and writing off billions of dollars

The green revolution at BP began on February 12 2020, in Bernard Looney’s second week as chief executive.

Looney, a charismatic BP lifer who had run the company’s oil and gas operations, embraced the energy transition with the zeal of a convert.

“We have got to change, and change profoundly,” he declared in a speech in London, just weeks before Covid lockdowns swept much of the world, leading to an oil price crash that seemed to underline his message.

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