Liam Denning, Columnist

How to Bring BP's Climate Vision Into Focus

The oil major still must address how it will deploy capital and define success as it aims for carbon neutrality by 2050.

February 13, 2020 at 3:00 AM EST

By Liam Denning

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

BP still has the climate vision, but still lacks details.
Photographer: Graeme Robertson/Getty Images Europe

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The official slogan of BP Plc’s climate event on Wednesday was “reimagining energy.” The unofficial one, based on new CEO Bernard Looney’s liberal use of the phrase, could be WE GET IT.

That “it” contains multitudes. Carbon emissions from fossil fuels must fall rapidly. BP is viewed as both a source of the problem and an obstacle to fixing it. Targets set for 2050 sound good; but, let’s face it, 12 months is a long time in this business. And so on.

Before it’s here, it’s on the Bloomberg Terminal

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