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This blog was written by bp, a Strategic Partner of the 2022 Annual Lecture. 

bp has a century of history in Scotland. We have been operating in the North Sea for more than 50 years, providing a reliable source of energy to consumers around the world.

bp’s ambition is to become a net zero company by 2050 or sooner and to help the world get to net zero. We’re working hard to make our North Sea business the safest in the region and even more efficient and sustainable, deploying some of the latest technologies to reduce emissions offshore.

It’s a challenge our people thrive on, knowing that the energy generated in the north-east of Scotland is helping to keep our company on a strong footing to help fund increased investment in low carbon activities.

bp’s strategy will see us pivot from an international oil company to an integrated energy company, increasingly investing in low carbon solutions.

The good news is we’re not starting from scratch. Our existing low carbon businesses provide us with a solid foundation, including in Scotland.

Whether it’s progressing our Morven offshore wind project or powering more than 1,000 homes with clean electricity from Lightsource bp’s solar development in Angus, we are delivering right here in Scotland to help meet the world’s growing demand for low carbon energy.

That extends to helping our communities through innovative partnerships with Aberdeen City Council, Aberdeen Harbour Board and Future Woodlands Scotland.

We aim to help the council achieve the goals of its Net Zero Vision to reduce carbon emissions and become a climate positive city. We have also formed a joint venture partnership with the local authority to develop a scalable green hydrogen production facility.

With the harbour we will collaborate on decarbonising port operations and with Future Woodlands Scotland we have enabled the creation of a £2million fund to help create and restore native woodlands across the country.

Our partnerships and low carbon businesses will see us build on and transform our long-standing position in Scotland’s energy industry, while deploying the skills and experience of a talented workforce and supply chain eager to help make the UK’s net zero ambitions a reality.