BP Moves to Exit US RNG Business, Puts Archaea Energy Up For Sale
BP announced this week that it plans to divest Archaea Energy, the renewable natural gas company it acquired for $4.1 billion back in 2022. Company leadership cited the business’s high capital intensity and underwhelming returns, framing the move as part of a broader effort to streamline BP’s portfolio and refocus on core oil and gas operations. No buyer or timeline has been announced yet, but the decision marks a notable retreat from what was once billed as a flagship move into renewable fuels.