In February, BP's chief executive, Bernard Looney, declared that the oil giant would become a net-zero emissions company by 2020.The coronavirus pandemic has ravaged the global energy industry, but has done little to thwart the transition to cleaner electricity.
100 People Transforming Business is an annual list and series highlighting those across industries who are changing the way the world does business. Check out theThe coronavirus pandemic has created colossal challenges for the energy industry. Hammered by a collapse in oil prices,But the largest trend, which began shaping the industry long before the virus took root, remains intact. Energy companies are getting cleaner, as are the vehicles we drive.
Amid these transformations, the industry has been grappling with its diversity problem, following global racial-justice protests this spring and summer.The coronavirus pandemic has cratered demand for fuels like gasoline, causing the price of oil to fall by as much as 70% by April. Some experts and analysts worried it would slow the industry's transition to cleaner energy.
The coronavirus is making people realize "how unprepared we're going to be for the rapidness of climate change if we don't act sooner," said Emily Reichert, the CEO of Greentown Labs, the largest clean-tech incubator in North America.relative to the same period last year. You can think of the grid as a highly complex network of various energy resources — such as plugged-in EVs, home batteries, rooftop solar panels, or utility-scale power plants.
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