Talk to 'Green New Deal' backers, BP CEO tells oil industry

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

The oil industry should engage with proponents of the 'Green New Deal,' a Democratic initiative seeking to radically reduce U.S. dependence on ...

HOUSTON: The oil industry should engage with proponents of the"Green New Deal," a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley said on Tuesday .

Burning of oil and gas accounts for the majority of greenhouse gas emissions blamed for climate change, rising sea levels and severe storms. But U.S. rivals Exxon Mobil and Chevron have made fewer investments in clean energy in recent years, drawing growing pressure from investors and climate activists."Our focus has to be on developing an energy system that is cleaner, better and kinder to the planet," Dudley, a U.S. citizen, said.

"It means improving the dialogue we have with policymakers around the world, including those behind the Green New Deal," Dudley said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New mediation centre to resolve disputes in construction industry launchedCompanies in the construction industry now have a dedicated mediation centre to resolve their disputes, with the launch of the Singapore ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »