Rochelle Toplensky of The Wall Street Journal writes that the oil giant plans to be carbon neutral by 2050, but there is financial uncertainty on how they will get there.
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- Through targeted investments in promising low emissions technologies, companies such as BP are setting goals to be carbon neutral by 2050.
- Companies will achieve these goals primarily through innovation and technology.
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“New Chief Executive Bernard Looney promised in February to cut BP’s net emissions to zero by 2050, in a reversal of the London-based company’s previous stance. On Tuesday, he announced plans to achieve this ambition alongside a mixed set of results.”
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