Oil giant BP is committed to tackling climate change, the company’s CEO said, but he insisted that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years.
“It may not be popular to say that oil and gas is going to be in the energy system for decades to come but that is the reality,” BP’s Chief Executive Bernard Looney told CNBC on Monday.
“What I want us to do is to focus on the objective — and I wish we had less ideological positions and more focus on the objective — which in this case is to drive emissions down.”
He said that replacing coal with natural gas, thereby reducing carbon emissions, “has to be a good thing.”
“And then over time we will…