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Stock impact report

U.S. Policymakers Must Adjust To Energy Transition Wake-Up Call [Forbes]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Forbes
More than 7,000 people are headed to Houston to attend the conference with a key question in mind: How to meet increasing demand for power amid the transition to clean energy. Photographer: Aaron M. Sprecher/Bloomberg It's a wake-up call for the low-carbon energy transition. Investors, energy companies, and – most importantly – consumers have recently made it clear that the transition from fossil fuels to lower-carbon alternatives is happening too fast and is expensive. As America gears up for a critical presidential election this November, the message to policymakers is clear: forcing the economy to rapidly move off the fossil energy that has powered it over the last 150 years carries dangerous consequences. The risk is particularly true for the United States, which is now the world's largest oil and gas producer . This abundant supply has kept energy prices in check, allowing America to have the most robust post-pandemic economy in the world, and it has made it extremely dif Show less Read more
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