Feb.13 — In this week’s “Commodity-In-Chief” on “Bloomberg Commodities Edge”, Bloomberg’s Alix Steel talks with BP CEO Bernard Looney, who this week set an ambitious agenda to deal with the climate emergency, promising to zero-out all emissions on a net basis from the fossil fuels they pump from the ground. He also announced the company’s structural changes will lead to staff cuts over the next few years.
In This Story: Bernard Looney
Bernard Looney FREng is an Irish businessman and CEO of BP.
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In This Story: BP
BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.
Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))
BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.
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In This Story: Climate
Climate is the long-term average of weather, typically averaged over a period of 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years.