‘We are putting our money where our mouth is’: BP chief Looney defends vow to be net zero by 2050

The Co Kerry native, one of the most powerful corporate executives in the world, has instigated a major restructuring of the oil and gas giant since taking over as chief executive two years ago

Bernard Looney, chief executive of BP: ‘We will no longer be an international oil company. We will be an integrated energy company.’ Picture: Bloomberg

Bernard Looney, the chief executive of BP, has defended his company’s pledge to be net zero by 2050.

“We are now, uniquely we believe, the only major oil and gas company aiming to be net zero, across operations, production, and the energy products we trade and sell,” the Irishman said of the €100 billion British oil and gas giant.

“Critics will say that is just greenwashing. But we are putting our money where our mouth ...