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Viewsroom

BP CEO exit raises strategy and board questions

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 14 September 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Bernard Looney resigned after he failed to disclose past relationships with staff. In this Viewsroom podcast, Breakingviews columnists debate what that means for the oil giant’s commitment to net zero, and whether BP’s board did all it could have done. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.0

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0:15.0

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0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.3

The views expressed on this podcast are those of the participants, not of Roalders News.

0:38.1

We have got to change and change profoundly.

0:42.7

We have to because the world is changing fast, and so are society's expectations of us.

0:51.3

The world does have a carbon budget. It is finite and it is running out fast. And we need a

1:00.4

rapid transition to net zero. Society has got to deliver on the Paris goals.

1:07.7

That was Bernard Looney, the former CEO of Oil Giant BP, unveiling ambitious

1:14.4

plans back in 2020 to become a net zero company by 2050. This week, Looney was forced to resign

1:22.1

after the Board of BP said he had not been transparent enough about past relationships.

1:26.7

The fallout from this shock resignation on the company and its strategy is the focus of this

1:32.3

week's viewsroom.

1:34.0

Welcome back to the views, a podcast from Reuters' Breaking Views, where columnists from around

1:38.6

the world talk about the big stories of the week. I'm your host, Amy Donovan, coming to you

1:43.3

from London.

1:51.9

Looney has left BP and his resignation is raising a lot of questions about what changes a new CEO might make to the oil giant strategy. Here to talk to me about this fast-moving situation is

1:57.3

George Hay, who heads Emilia at Breaking Views and Yowen Chen, our oil and gas expert.

2:09.1

Welcome, George, and welcome Yowen.

...

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