How BP’s new boss aims to expand climate targets
More stringent climate targets could lead to London-based BP selling its most carbon-intensive businesses
London — Change is afoot at BP. Incoming CEO Bernard Looney plans to expand the company’s climate targets and is considering overhauling the structure of the oil and gas major in one of the biggest shake-ups in its 111-year history.
The 49-year-old Irishman plans to adopt broader carbon emissions reduction goals that are likely to include emissions from fuels and products sold to customers rather than just the far lower emissions from BP’s own operations, according to four sources with knowledge of internal discussions with the new CEO...