BP Expands Into Japan's Electricity Market, Furthering Renewables Push
• BP received approval to operate as a retail electricity provider in Japan, part of its plan to expand into renewable energy and electricity • This move aligns with BP's broader strategy to transform into an integrated energy company as the world transitions from fossil fuels • BP has supplied oil, gas, and other products to Japan for over 60 years; this expands their business there • The new electricity business will be operated by BP Energy Japan, part of BP's trading and shipping division • Further details of BP's business plan in Japan's electricity market were not immediately available