The oil industry should engage with proponents of the 'Green New Deal,"...
HOUSTON - The oil industry should engage with proponents of the “Green New Deal,” a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley said on Tuesday.
“We need to demonstrate that we share the common goal of a low-carbon future and that we are in action toward it,” Dudley said in the speech at the CERAWeek conference by IHS Markit. But U.S. rivals Exxon Mobil and Chevron have made fewer investments in clean energy in recent years, drawing growing pressure from investors and climate activists.
“It means improving the dialogue we have with policymakers around the world, including those behind the Green New Deal,” Dudley said.
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