Oil and gas will have a role to play in the energy system for decades to come, BP’s chief executive Bernard Looney said on Monday, adding that the industry should try to produce hydrocarbons with the lowest emissions possible. Any scenario, even the International Energy Agency’s Net-Zero by 2050 scenario, predicts that there will still be demand for oil in 2050, Looney told CNBC on the sidelines of the ADIPEC energy conference in Abu Dhabi.
According to the IEA’s Net-Zero by 2050 scenario, in a world on track to achieve net-zero…BP: Oil & Gas Will Be Needed For Decades
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