negativeSYS.SOURCE: TechCrunch• 2026-07-16T17:37:03Z

BP Discontinues Corporate Venture Arm After Two Decades of Operations

#bp #climate #venture capital #energy

BP has shut down its corporate venture arm after 20 years, selling most of its climate tech and energy transition investments to private equity firm Verdane. The move marks a strategic retreat from clean energy initiatives and venture capital activities, retaining only select investments with potential business value.

BP Ventures is shutting down, ending a nearly 20-year run that was marked by reportedly lackluster returns.

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