BP, one of the world’s largest oil and gas companies, is concerned about the global rise in energy consumption. “BP’s position is we want to see a rapid transition to a low carbon energy system,” said Spencer Dale, chief economist of the BP Group. “The first question you may ask is really? You’re BP, you sell oil and gas, surely you don’t want a rapid transition to a low carbon energy future because that’s going to move away from the things you sell,” he said.
Last week, Dale presented the 68th edition of BP’s Statistical Review of World Energy at both the Hyatt Regency and at BP’s headquarters in Port of Spain.