Jun. 29, 2020

BP sells petrochemical unit to Ineos as it shifts to low-carbon energy

Article by Ron Bousso, The Globe and Mail

BP PLC has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for US$5-billion, pulling out of a sector widely seen as a key driver of oil demand growth in the coming decades. The surprise move means BP has hit…

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