BP - Iberdrola: The Very Reason Why BP's Strategy Can Succeed
Four years after the Paris agreement on carbon emissions and climate change, oil majors have elaborated their decarbonization strategy.
In this thesis, my aim is to analyze the strategy of one of them, BP PLC (BP) through a comparison with Iberdrola S.A (IBDRY), a Spanish electric utility with a view to demonstrate feasibility of the British company's aggressive strategy to incorporate more renewables as part of the energy mix.
Now, this utility with global operations, planned to spend €34 billion ($38.4 billion) during the 2018-2022 time periods for growth, with $15