Part 2/10:
One of the most significant blows came recently when BP withdrew from a massive renewable energy hub in Western Australia's Pilbara region, just two years after acquiring a 40.5% stake. Once touted as one of the largest energy projects globally, BP argued that the project no longer aligned with its strategic goals. This retreat signals a broader reconsideration among investors about the practicality and profitability of green hydrogen ventures in Australia.