Skip to content
Subscriber Only
Climate Adaptation

Outgoing BP CEO Warns of Moving Too Fast on Climate Change

  • Backing unproven technologies would be a mistake, Dudley says
  • Bob Dudley to be replaced by upstream boss Bernard Looney

BP Plc’s outgoing Chief Executive Officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies to counter climate change, because their failure could lead to financial ruin.

“If you go too fast and you don’t get it right you can drive yourself out of business,” Dudley said in a Columbia Energy Exchange podcastwith Professor Jason Bordoff.