Welcome
Environment & Energy Report

Less Oil, No Carbon, Few Answers: BP CEO’s Hazy Vision of Future (3)

Feb. 12, 2020, 5:08 PM

BP Plc’s new boss set out the oil industry’s boldest plan to tackle climate change. All that’s missing is the map for how to get there.

Bernard Looney, who has been chief executive officer for just a week, committed BP to eliminating all emissions from its own operations and production by 2050. That’s a radical shift for one of the world’s largest and oldest oil companies, and he gave a blunt admission that he didn’t know how to achieve it.

“Every journey has to begin with a destination,” Looney said as he presented his new strategy in London...

To read the full article log in. To learn more about a subscription click here.