Energy Crisis
Current energy crisis is not a ‘one winter deal’ – BP chief Bernard Looney
The Kenmare native said European policymakers may need to take some “painful” actions in the months ahead to contain the current energy price crisis triggered by Vladimir Putin’s invasion of Ukraine
The energy crisis triggered by Russia’s invasion of Ukraine is not a “one-winter deal”, the head of BP, the British oil and gas giant, has warned.
Speaking at an event in Dublin on Monday evening, Bernard Looney, the Irishman who serves as chief executive of BP, said the current crisis is likely to “be with us for some time” and warned that “painful” actions may need to be taken by European governments.
“This [energy crisis] ...
