Wait, What? BP CEO Argues for More Oil and Gas Spending to Solve Climate Crisis
CEO Bernard Looney reaffirmed the energy giant’s fossil fuel spending plans during International Energy Week in London, calling for an “orderly” energy transition and made the case that more oil and gas investment is needed to achieve net zero goals. “An energy system that works is one that provides energy that is secure and affordable as well as lower carbon — what’s known as the energy trilemma,” Looney told onlookers.