Pope Francis, cigarettes, elephants and caribou all figured in the arguments as investors ramped up environmental pressure on energy giant BP at its first annual general meeting (AGM) in Aberdeen yesterday.
The world is moving in the wrong direction in its fight against climate change, and BP Chief Executive Bob Dudley said that energy companies must step up and play their part to dramatically reduce greenhouse gas emissions.
BP boss Bob Dudley launched a wide-ranging attack on the divestment movement that’s calling on institutional investors to sell down their oil stocks, rejecting warnings from the likes of the Bank of England that hydrocarbons present a risk to the financial system.
Bob Dudley, in his 38 years in the oil industry, has never seen anything like what happened with BP Plc’s old fields last year: They gushed more crude.
BP's chief executive Bob Dudley has said that global energy markets are "in transition", as he revealed the results of the supermajor's annual Statistical Review of World Energy.
The Oil and Gas Climate Initiative (OGCI) has appointed Dr. Pratima Rangajaran as the chief executive officer of its newly-formed investment company, OGCI Investments.