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BP buys massive stake in ESG company’s climate change project

By Addison Smith

BP announced Tuesday that the British petroleum company is joining with Harbour Energy in its latest push for net-zero emissions.

BP’s deal included a 40% stake in Harbour’s Viking CCS project, an effort launched by the UK-based energy giant to help “decarbonise the UK,” according to one company executive.

The Viking project aims to increase carbon capture, a practice of transitioning away from fossil fuels and lowering greenhouse gas emissions by capturing the Co2 emissions and storing them underground or under the ocean.

The project is also designed to transport carbon emissions from other areas of the UK and overseas for “permanent storage” in “Viking fields.”

Harbour touted that with the help of BP the project “has the potential to meet one-third of the UK government’s target to capture and store up to 30 million tonnes of CO2 a year by 2030.”

BP executive Anja Dotzenrath says the company is “extremely excited” to help “decarbonise the UK” through Co2 transportation, with another executive boasting the company’s “commitment” to aiding the UK in its net zero emissions goals.

Harbour Energy is already pledge its commitment to Environmental, Social and Governance, or ESG, a form of so-called “woke capitalism” in which social and environmental goal share priority with shareholder profits.

The company released their 2022 ESG report wherein they make dozens of references that diversity, equity and inclusion are “woven into our identity.” It also lists its “diversity statistics,” with a categorical breakdown of race, gender and ethnic diversity in the workforce, and commits to “improve” DEI initiatives moving forward through 2023.