BP Backs a Faster Shift to a Low Carbon Energy System

Prior to BP’s annual general meeting (AGM), Helge Lund, BP’s Chairman, wrote an article in the Financial Times, explaining why the oil company is in favor of the Climate Action 100+ resolution and why the company aims for a quick transition to a low carbon energy system.

He mentioned during the company’s annual meeting, activists will gather and protest outside the city’s exhibition center so the company will call on its stakeholders to support the Climate Action 100+, in hopes of achieving greater transparency from BP, and to showcase how the company’s strategy is in line with the 2015 Paris agreement.

"We recognize that the world is on an unsustainable path. We believe our strategy is consistent with Paris and we welcome steps, such as this resolution, that are supportive of a faster transition to a low carbon energy system," said Lund in the article.

He mentioned that more energy is being demanded to improve the lives of billions of people around the globe. At the same time, a huge re-engineering of the energy system must take place to deliver that energy with dramatically lower emissions.

To read the full article in the Financial Times, click here: https://on.bp.com/2wMkYcq

Previous articleOxy & Carbon Engineering Evaluate DAC Facility
Next articleBASF Develops a Process for Climate-friendly Methanol