Quote of the day: From Bob Dudley, group chief executive, BP

Bob Dudley comments on the growing climate concerns, the components needed for a net zero world, and why constructive dialogue is essential, as part of the Chatham House corporate leader series

Bob Dudley, group chief executive, BP.
Bob Dudley, group chief executive, BP.

"Zero-carbon heat and power keeping us warm and the lights on, provided largely by renewables and supported by decarbonised gas, including the use of carbon capture use and storage. Streets humming with electric and hydrogen-powered cars and the skies and seas being navigated by planes and ships powered by biofuels and hydrogen. It is a world where people and businesses will have moved away from a throw-away culture and are embracing the circular economy. Where nature's power is harnessed to reduce emissions – through planting trees and nurturing peatlands. And in that UK net-zero world, oil – one of BP's core products today – will likely play a smaller role. Even then, we have to make products cleaner, better and kinder to the planet, by taking the carbon out of hydrocarbons, where you can, and offsetting as necessary. That is a vision I m sure most of us share," says Bob Dudley, group chief executive, BP.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

OQ, office of minister of state and governor of Musandam ink MoC to finance social investment projects
Since inception, OQ has been playing a significant role in supporting education, innovation, culture and heritage projects, economic welfare, health and environment
Five minutes with Hatem Al Mosa, CEO, Sharjah National Oil Corporation
I believe that by 2030 the price benchmark will be set by renewables – not by supply and demand – because they will be the main competition for oil and gas. It is already much cheaper to produce green energy, and it will only get cheaper with time. What we are seeing is a temporary setback for renewables and fossil energy. When demand resumes growing, renewables will grab the lion’s share
Editor's comment: Preparing for post-Covid-19 scenario
For chemicals used to fight Covid-19, prices have stayed moderate, while fertiliser prices improved by 3% in March 2020 compared with February 2020
Airborne Oil & Gas appoints William de la Motte as chief financial officer
He is based at Airborne Oil & Gas’ headquarters in Ijmuiden in The Netherlands, where it also hosts its 24/7 TCP manufacturing plant