BP to Sell Stakes in Major UK Carbon Capture Projects
BP is selling equity in two flagship carbon capture projects in Northern England. The move follows financial close and the start of construction at both sites.
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BP PLC will sell equity stakes in two major carbon capture projects in the United Kingdom as construction begins at both sites. The divestment covers the Net Zero Teesside Power and Northern Endurance Partnership projects. The move allows BP to recycle capital while maintaining its lead in developing the world's first gas-fired carbon capture plant.
