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«Now is the time to act» – BP boss Bernard Looney responds to IPCC climate change report

BP CEO set out the plans for a greener BP alongside one of the most radical corporate overhauls for the company in decades

«Now is the time to act» – BP boss Bernard Looney responds to IPCC climate change report

London, August 12 - Neftegaz.RU. The CEO of BP has added his name to the list of those calling for urgent action following the publication of a worrying climate change study, Energy Voice reported.
Bernard Looney described the Intergovernmental Panel on Climate Change (IPCC) report as «incredibly important for anybody who cares about the future of our planet».

Published by the United Nations, the paper said the evidence that humans are responsible for warming the planet is «unequivocal», while many of the changes will be «irreversible» for years to come.

It also claimed that global temperatures are on course to miss the 1.5C limit set in the Paris Agreement.
In order to curb the impacts of climate change, the IPCC underlined the need for «deep reductions» in carbon emissions.

Following the publication of the report, climate groups and politicians took aim at the oil & gas industry, calling for an end to fossil fuel production.
And now, the BP boss has highlighted the importance of «greening companies» in driving down emissions.
Responding to the IPCC report on LinkedIn, he said:
  • Now is the time to act
  • If we quickly come together, the IPCC says the world can still limit the worst effects of climate change
  • And I believe that greening companies are vital to solve this challenge
  • Wherever a company is in their transition to net zero, we must support them in their journey
  • At the end of the day – it’s all about driving emissions down – and I fundamentally believe we can’t do this without encouraging carbon-intensive companies and sectors to decarbonise.
  • Why? Because the need for a net zero world has never been greater, and we all must play our part to get us there
  • Between this latest IPCC report and the upcoming #COP26, I remain optimistic that the world will come together and agree on a path forward
BP announced plans to become a net-zero emitter by 2050 when Mr. Looney took up the top spot in February 2020.

Author: Hamish Penman

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