Finance
Protesters Signal Climate Challenges Ahead for BP’s New Boss
- CEO Bernard Looney to outline his low-carbon ambition
- Company shuts London head office amid Greenpeace protests
Placards lie on the ground during a protest by Greenpeace activists outside the BP Plc headquarters in London on Feb. 5.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Greenpeace’s delivery today of 500 solar panels to BP Plc’s London headquarters is a stark reminder of the challenges the company’s new boss Bernard Looney faces.
Looney, who became the company’s new chief executive officer Wednesday, is facing what many view as an impossible juggling act: maintaining generous returns, lowering debt and investing in new projects, while also facing increasing pressure to transition toward production of cleaner energy.