The oil major's net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are booming Grand corporate strategies are launched in weighty declarations by chief executives who fancy themselves as visionaries. That was how Bernard Looney, the then-chief executive of BP, did it back in February 2020 when he said the company would get serious about cutting greenhouse gas emissions and investing in renewables. "The direction is set. We are heading to net zero. T...
BP has scaled back its green energy plans - don't be surprised if it happens again
The Guardian - 27 Jun 2024 19:53
The oil major's net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are booming Grand corporate strategies are launched in weighty declarations by chief executives who fancy themselves as visionaries. That was how Bernard Looney, the then-chief executive of BP, did it back in February 2020 when he said the company would get serious about cutting greenhouse gas emissions and investing in renewables. "The direction is set. We are heading to net zero. T...
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