BP boss admits 'socially challenged' fossil fuel industry is seen as 'bad' as he vows to slash production by 40% in drive to become carbon neutral by 2050
BP's chief executive admits he understands why fossil fuels are not socially accepted and reiterated his pledge to make his firm a net zero carbon company by 2050.
Bernard Looney, 49, who took on the role at the oil and gas giant in February, said he knew that the industry is perceived as 'bad' and had 'a challenge... with trust.'
Last year alone, BP was responsible for 415 million tons of carbon emissions, taking into consideration the emissions produced by customers burning its fuel.
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