BP chief says Covid has deepened commitment to net-zero emissions

(The Guardian, 18 May 2020) Pandemic only adds to the challenge that already exists for oil, says Bernard Looney

BP’s new chief executive said the impact of the coronavirus pandemic has deepened his commitment to shrinking the oil giant’s carbon footprint to zero.

Bernard Looney, who took the helm of the oil firm in February, said he was “more convinced than ever” that BP must embrace the energy transition following the collapse of global oil markets.

He told the Guardian that his commitment to steering BP towards its net-zero carbon ambitions, set out earlier this year, is “deeper” due to the impact of the Covid-19 outbreak.

“I am more convinced than ever that this is the right thing to do, and we need to crack on with it,” he said. “The pandemic only adds to the challenge that already exists for oil in the medium to long term.”

External link

The Guardian, 18 May 2020: BP chief says Covid has deepened commitment to net-zero emissions