With Big Oil’s Future in Doubt, New BP Boss Sets His Vision
- Bernard Looney will outline his low-carbon ambition on Feb. 12
- Company may set target for broadest category of emissions
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As BP Plc’s new chief delivers his vision to transform the company on Wednesday, investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry.
Bernard Looney’s big challenge will be to navigate BP through an energy transition with the world falling out of love with oil, and louder demands from investors to pivot toward clean energy. When climate protesters forced the company to shut its London headquarters last week, the 49-year-old Irishman promised them he would address their concerns.