BP is going clean and likely Green. They will begin to sell off underpreforming Assests to free up Capital (*cough Alaska just the begining cough*)
From the Horses mouth. The moves are being made and the Chess pieces re-arranged.
https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/news-and-insights/press-releases/bp-chief-executive-to-retire-to-be-succeeded-by-bernard-looney.pdf
BP Chairman Helge Lund said:
“As the company charts its course through the energy transition this is a logical time for a change...."
"....Bernard has all the right qualities to lead us through this transformational era....."
"....and a clear sense of what BP must do to thrive through the energy transition.”
Bob Dudley commented: "......I have no doubt that he (Looney) will thoughtfully lead BP through the transition to a low carbon
future.“
Bernard Looney said: "....I look forward to tapping into that desire and building on the strong foundation that Bob has built as we meet society’s demand for cleaner, better energy.”
https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/news-and-insights/press-releases/bernard-looney-bio-041019.pdf
Bernard has encouraged BP to lead the industry on methane detection methods as well as driving sustainable emissions reductions of almost 3 million tonnes CO2 equivalent in the past two years
Lightsource BP annyone?
https://www.lightsourcebp.com/
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