BP’s Strategic Shift To Renewables

BP’s Strategic Shift To Renewables

BP CEO Bernard Looney speaks during an event in London on February 12, 2020, where he declared the ... [+] company's intentions to achieve "net zero" carbon emissions by 2050. - British energy giant BP, under the leadership of new chief executive Bernard Looney, declared Wednesday its aim to achieve "net zero" carbon emissions by 2050, although it was vague on how it planned to hit the target. "BP's new ambition to be a net zero company by 2050 or sooner covers the greenhouse gas emissions from its operations worldwide... and the carbon in the oil and gas that it produces," said a statement ahead of a speech by Looney on plans to "fundamentally transform its whole organisation". (Photo by DANIEL LEAL-OLIVAS / AFP) (Photo by DANIEL LEAL-OLIVAS/AFP via Getty