By Adria Calatayud 
 

BP PLC said Thursday that it and Russia's Rosneft Oil Co. have agreed to cooperate on carbon management and sustainability activities at both companies.

Rosneft and the U.K. oil major will join efforts in aligning with developing ‎industry methodologies and standards on carbon management, BP said. They will also jointly evaluate new projects contemplating the use of renewables, ‎opportunities for carbon capture, utilization and storage, as well as developments for ‎hydrogen, BP said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

February 04, 2021 03:34 ET (08:34 GMT)

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