Oil and gas major BP has terminated its low-carbon mobility team, which was focused on developing electric, hydrogen, and other low-emission solutions for vehicles.
According to the Financial Times, a senior BP official claimed the segment was no longer commercially viable, adding that low-carbon mobility projects require a lot of investment and have been progressing slowly.
The decision was announced in an email sent to staff, confirming that BP will be “phasing down and closing” the low-carbon mobility team in its customers & product segment. Nine employees will potentially lose their jobs, according to reports.
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