. home.aspx

NEWS

home.aspx
   


'Why are you not Elon Musk?': The new boss of an oil-and-gas titan isn't leaving clean energy to Tesla

February 13, 2020 / Theron Mohamed
SHARESHARESHARE

One of the world's biggest oil-and-gas companies announced on Wednesday that it aims to reduce its total fossil-fuel emissions to net zero by 2050, and shift investment away from conventional fuel sources to renewable ones. Tesla CEO Elon Musk's name quickly came up. "We are aiming to make absolute reductions to net zero of around 415 million tonnes of emissions — 55 million from our operations, 360 million from the carbon in our upstream production," Bernard Looney, who became CEO of 110-year-old British energy giant BP this month, said in a presentation. "That is not far off the total emissions of the United Kingdom, the world's sixth largest economy and the second-biggest national economy so far, to set a net-zero aim," he continued.