BP boss Bernard Looney today called for an “orderly” transition to renewable energy, which will require investment in both future green energy projects and “today’s energy system, which is predominantly an oil and gas system.
BP’s CEO Bernard Looney is calling for an “orderly” transition to renewable energy.BP recently announced it made a record £23bn profit for the year, reigniting calls for a further windfall tax.”
In Looney’s view, this was part of the company’s shift from an oil and gas producer to an “integrated energy company.” It also sparked anger after it rowed back some of its key climate pledges and reneged on plans to slash the amount of oil and gas it produces over the current decade.
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