Is BP's Shift for Real?

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.6 • 1.3K Ratings

🗓️ 21 February 2020

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Just weeks after taking over as CEO of BP, Bernard Looney unveiled a series of climate targets. This isn’t the first time BP has tried to make a push into clean energy and decarbonization -- is this time different?

In this week’s episode, we’ll look at the pressures that BP is facing. What does it take for a publicly-owned company to reevaluate its core product? And how do you reduce the carbon intensity of a hydrocarbon business? We’ll dig through the details.

Then, natural gas is suddenly in the hot seat. For gas-only utilities, one pathway is clear. They have to push renewable methane. But what are the limitations? And how will the battle over natural gas connections play out?

Finally, we’ll talk about another reversal, this time in Virginia. The state legislature is right in the middle of setting some pretty strong goals for offshore wind and storage, and they’ve got a governor who wants to sign it. What caused the politics to turn around so suddenly?

Transcript

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0:44.1	begin in spring. Find out more at corepower.com that's k-o-r-r-e-power dot com. From Green Tech media, this is the Energy Gang.
1:00.0	Weekly debates and discussions on the fast-changing world of energy.
1:03.0	I'm Stephen Lacey.
1:04.2	I'm a contributing editor at GTM.
1:06.4	Welcome to the show.
1:08.0	This week, one of the world's largest oil companies,
1:10.4	BP, gets a new CEO and does a 180 degree turn on climate commitments, how does a publicly
1:16.2	own company decide if it's not going to grow its core product and how do you reduce the carbon
1:20.3	intensity of a hydrocarbon business? We'll talk about whether BP is for real. Then natural
1:25.6	gas is suddenly in the hot seat. For gas-only utilities, one pathway is clear.
1:30.1	They have to figure out how to develop renewable gas.
1:34.0	But what are the limitations and how will the battle over natural gas connections play out?
	...

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