In this final episode of this first series Energy Transition Now , Dominic Emery, Chief of Staff to the Chief Executive Officer, bp, discusses the key themes from bp’s recently published Statistical Review, as well as the company’s own net-zero scenario compares to that of the IEA – with the lesson this provides for rapid decarbonisation of the supply side. Dominic walks us through the evolution of bp’s strategy, which includes understanding the deep challenges, taking an optimistic disposition towards the opportunity, and defining the purpose of business.
David and Dominic the discuss the rationale for the 40% reduction ion hydrocarbon production by 2030, the approach and ambitions regarding emissions reductions, the changing nature of returns vs cash flow, and then opportunities for integration across the value chain. Dominic also highlights the importance supporting ‘greening companies’ if we are to achieve the Paris goals.