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Why BP is betting against oil

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Manage episode 275125904 series 1897284
Content provided by BBC and BBC World Service. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BBC and BBC World Service or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Is the fossil fuel industry being too complacent about the speed at which renewable energy will disrupt their business in the next three decades?

That's the contention of Spencer Dale, chief economist at BP. In an extended interview with Justin Rowlatt, he explains the thinking behind his company's plan to cut its own oil and gas production by 40% before the end of this decade.

And it's not just about heading off the threat of catastrophic climate change. As Spencer explains, even in their business-as-usual scenario they expected an unprecedentedly fast shift towards solar, wind and biomass energy, thanks to steep learning curves and stiffening competition.

Producer: Laurence Knight

(Picture: BP logo at night; Credit: NurPhoto/Getty Images)

  continue reading

1975 episodes

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Why BP is betting against oil

Business Daily

1,111 subscribers

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Manage episode 275125904 series 1897284
Content provided by BBC and BBC World Service. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BBC and BBC World Service or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Is the fossil fuel industry being too complacent about the speed at which renewable energy will disrupt their business in the next three decades?

That's the contention of Spencer Dale, chief economist at BP. In an extended interview with Justin Rowlatt, he explains the thinking behind his company's plan to cut its own oil and gas production by 40% before the end of this decade.

And it's not just about heading off the threat of catastrophic climate change. As Spencer explains, even in their business-as-usual scenario they expected an unprecedentedly fast shift towards solar, wind and biomass energy, thanks to steep learning curves and stiffening competition.

Producer: Laurence Knight

(Picture: BP logo at night; Credit: NurPhoto/Getty Images)

  continue reading

1975 episodes

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