Trade tensions risk throwing the global economy's transition to greener ene...
“It is better for us to see a path that goes rapidly,” Lund said. “It will be very difficult for the oil and gas companies but that is a better and a preferred solution than an uncontrolled sudden change maybe 10, 15 years into the future.”
Lund said however that such Scope 3 targets would tie BP’s hands to make future investments, whether in renewable energy or oil and gas. He nevertheless said the company’s thinking around Scope 3 was likely “to evolve over time.” Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, this week demanded urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week.
Lund said an unprecedented level of cooperation was needed between companies and governments to bring greenhouse gas emissions to zero by the end of the century. Lund, who took part in discussions on a climate resolution with a group of investors earlier this year, believes most investors understand that modern societies are almost built on hydrocarbons.
“To be a strong contributor in the long term we have to stay financially strong, we have to be a good investment.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Micron CEO Sanjay Mehrotra on strong earnings, trade tensions and moreMicron CEO Sanjay Mehrotra joins 'Squawk Alley' in an exclusive interview to discuss the company's Q3 earnings and revenue beat, the impact of trade tensions on revenue projections in Q4 and more.
Leer más »
U.S.'s Pompeo faces thorny issues on India visit, from trade to Russia arms dealsU.S. Secretary of State Mike Pompeo arrived on Tuesday for talks with Indian lea...
Leer más »
Agriculture secretary says U.S. farmers are 'casualties' of trade war - CNNU.S. Agriculture Secretary Sonny Perdue acknowledged that American farmers are "casualties" of President Donald Trump&39;s trade war with China, according to an interview broadcast on Tuesday. Perdue told CNN he did not expect a trade deal to be reached when Trump meets with Chinese President
Leer más »
G-20 leaders face toxic brew of political instability, trade tensions and slowing global growth at summitWhat makes this moment even more perilous is that world leaders come to the table with far less cohesiveness, nursing wounds from a series of trade skirmishes.
Leer más »
10-year Treasury yield dips below 2% as Iran jitters and trade frictions spur haven demandTreasury yields trade modestly lower on Tuesday as investors monitor the U.S.’s intensifying spat with Iran over recent sanctions and signs that a trade deal...
Leer más »
Singapore's factories go no-frills as trade war hits demandLast year, Singaporean chemicals factory boss Erman Tan took his employees on a ...
Leer más »