Incoming BP Finance Chief Faces Two-Pronged Challenge

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BP names Murray Auchincloss CFO as the U.K. energy company faces pressure to increase investments in renewables without sacrificing shareholder returns

By Nina Trentmann Jan. 21, 2020 5:21 pm ET BP PLC’s incoming chief financial officer faces a two-pronged challenge as the U.K. oil-and-gas giant is under pressure to increase investments in renewables without sacrificing shareholder returns.

Stricter international climate protocols such as the Paris Agreement and a stronger investor focus on environmental, social and governance criteria present a range of challenges for BP’s new management. This is necessary to free up capital needed for continued investments in the company’s oil-and-gas business, as well as increased allocations to renewable sources of energy, analysts said.

 

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WSJ is sad rag of Murdoch. Now we know why Aussie porker bought it. John Wilke would have reduced Trump into mincemeat long before 16 and located taxes, no prob. Go find them; market may not crash as hard as POTUS hopes. Murdoch no prob; he’ll be tossed into fire 🔥 by natives

good luck! a petro company go into renewable...

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