CERAWEEK-Talk to 'Green New Deal' backers, BP CEO tells oil industry [Reuters]
BP p.l.c. (BP)
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Source: Reuters
Talk to 'Green New Deal' backers, BP CEO tells oil industry HOUSTON (Reuters) - The oil industry should engage with proponents of the “Green New Deal,” a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley said on Tuesday. Dudley made the rare foray into U.S. politics in a keynote speech at the largest U.S. annual gathering of the oil and natural gas sector in Houston, urging peers to engage with young people or lose the trust of society. “We need to demonstrate that we share the common goal of a low-carbon future and that we are in action toward it,” Dudley said in the speech at the CERAWeek conference by IHS Markit. Burning of oil and gas accounts for the majority of greenhouse gas emissions blamed for climate change, rising sea levels and severe storms. Energy companies including BP have increased their investments in renewable energies such as solar and wind in recent years as they look for a new business model i
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