For BP, a path to zero emissions is taking shape. It’s going to cost them

How much does it cost for an oil company to transform from fossil fuels to clean energy? Start in the tens of billions, and keep going.

BP, the British energy giant, began to set out initial cost estimates on Monday, including writing down assets and opting not to exploit some existing resources as the company grapples with both the immediate hit of the coronavirus pandemic and its long-term commitment to reach “net zero” emissions by 2050—a goal of pushing emissions as low as possible, and offsetting the rest.

The first round of write downs and impairment charges are expected to

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