The oil and gas majors are under huge pressure to show they are contributing to reducing carbon emissions. New BP CEO Bernard Looney says he “gets it,” and has set ambitious goals. But the actual pace of change may be far from dramatic. Doubts are being expressed about Looney’s efforts to “reimagine energy,” as he put it this week at his first press event since taking over from Bob Dudley, where he announced plans to achieve net-zero emissions both from the company’s own operational activity and from the carbon in the oil and gas it produces, by 2050. RBC Capital Markets said it was a “fine balance” for oil and gas companies generally […]

Posted in: BP