Bernard Looney, BP’s new chief executive, wants to cut his company’s greenhouse gas emissions down to zero by 2050. To do that, the world’s sixth-largest energy company is committing itself to massive investment in renewable energy, including wind, solar and biofuels.
The U.K.-based energy provider may be more aggressive than its peers when it comes to plotting a carbon-free future, but it’s certainly not alone. Royal Dutch Shell, Total, Equinor and other traditional fossil fuel producers have also recently been diverting significant amounts of capital to renewable energy. Continue reading “The Case For Pivoting Into Renewable Energy”