It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020.

The subsidy-free plants will together generate enough electricity to power more than a quarter of a million homes every year.

The Woven City will be located at the base of Mount Fuji and powered by hydrogen fuel cells and solar panels.

The Ben Sca Wind Farm would consist of nine turbines. capable of generating enough electricity to power around 34.500 homes.

Despite a huge increase in demand for battery electric vehicles. their market share is still small at 1.6%.

The 35 new homes will use very low energy building design and consist of technologies such as thermal and electrical storage. onsite solar panels and ground source heat pumps.

It is set to launch eight new electric or hybrid car models across all of its brands this year. including its new flagship ID.3 EV.

Most of this will be focused in regions where strong economic growth is driving demand. particularly in Asia.

Efforts will continue to strengthen the country’s ‘resistance economy’ in a bid to reduce the negative impact of US sanctions.

Oil prices had peaked to their highest levels since the assault on two Saudi Arabian production facilities last September.