BP plans to sharply reduce its carbon emissions by 2050 as part of a reinvention of the 111-year old company by newly-appointed chief executive Bernard Looney
“We have got to change and change profoundly because the world is changing fast and so are society’s expectations of us,” he said in his first major speech as CEO.BP did not specify how it intends to reach its 2050 targets to get emissions from its operations and barrels produced to net zero and halve the intensity of emissions by all products it sells, which include diesel or petrol.
Since then, the world’s top oil and gas companies have come under heavy pressure from investors and climate activists to meet the 2015 Paris climate goal of limiting global warming to below 2 degrees Celsius from pre-industrial levels. Shares in BP were up 1.3% at 1423 GMT, roughly in line with the broader European energy sector index .SXEP after the news, which confirmed a Reuters report in January.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Giant BP Has Pledged To Go Carbon Neutral By 2050'Any move like this has to be looked at with a critical eye to see if it's greenwashing or if it's real,' one climate activist said.
Read more »
Oil giant BP says it wants to have net-zero emissions by 2050In an announcement Wednesday, BP listed a number of aims it had for the business.
Read more »
Oil giant BP says it wants to have net-zero emissions by 2050In an announcement Wednesday, BP listed a number of aims it had for the business.
Read more »
Oil Giant BP Has Pledged To Go Carbon Neutral By 2050'Any move like this has to be looked at with a critical eye to see if it's greenwashing or if it's real,' one climate activist said.
Read more »
BP's new CEO pledges net zero emissions by 2050BP, facing growing pressure over the climate crisis, has pledged to reach net zero emissions by 2050 or sooner, as part of a plan by the company's new chief executive to transform the legacy oil giant.
Read more »
'Anthem 2.0' is on the way according to a new Bioware blog postA new team has been put on 'Anthem' to try and reinvent the high-flying shooter
Read more »