BP Ventures was set up more than ten years ago to identify and invest in private, high growth, game-changing technology companies, accelerating innovation across the entire energy spectrum. Since then, we have invested over $500 million in technology companies across more than 40 entities with more than 200 co-investors. Venturing plays a key role in BP’s strategy to tackle the dual challenge of meeting the world’s need for more energy, while at the same time reducing carbon emissions. We will do this by leveraging our investments across a portfolio of relevant technology businesses that will help BP transition to a low carbon company.