Essay by Eric Worrall
$5 Billion Green Energy investment slashed – “Weaker-than-anticipated growth in the market”
BP stirs controversy after halting operations for new type of fuel: ‘Weaker-than-anticipated growth in the market’
This pivot from a major global energy player like BP is a significant blow.
By Brent WigginsMay 24, 2025
Oil giant BP has ceased a project to produce “clean jet fuel” at its Castellon refinery in Spain. The move signals a broader concern and shift in the company’s approach to cleaner energy initiatives. BP’s decision raises questions about the commitment of major energy corporations to transitioning away from polluting, dirty energy sources.
What’s happening?
According to a Bloomberg News report cited by Reuters, BP paused its investment in producing sustainable aviation fuel (SAF) at the Spanish facility. The reason given was “weaker-than-anticipated growth in the market” for these cleaner alternatives.
Halting clean energy plans comes on the heels of a more strategic overhaul BP announced in February. The company revealed plans to increase its investments in oil and gas production while slashing spending on renewable energy projects by over $5 billion annually.
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BP CEO Murray Auchincloss stated that the energy transition “has not proceeded at the pace we would have thought,” citing strong ongoing demand for oil and gas, per Reuters. His perspective might reflect current market dynamics.
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Despite these setbacks, the broader push for cleaner energy continues globally. …
Read more: https://www.thecooldown.com/green-business/bp-sustainable-aviation-fuel-castellon-refinery/
You have to admire the unfounded optimism of climate advocates. Artificial intelligence is crashing their dreams of a renewable powered future, global demand for oil and gas is surging, even Spain recently pulled back from their disastrous plans for a 100% renewable grid, after their recent major blackout. But greens still think it is credible to claim “the broader push for clean energy continues globally”.
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