BP chairman reveals to Reuters that trade tensions put energy transition at risk

BP Chairman Helge Lund gave Reuters his first interview since taking office in January to discuss global energy’s structural transition to mitigate environmental damage, pressure the oil and gas company faces from investors and climate activists as well as plans to find a successor for veteran CEO Bob Dudley. In the exclusive interview, Lund signaled for the first time that BP could cave in to investor pressure and set tougher targets to reduce carbon emissions. He said growing trade tensions risk throwing the global economy’s transition to greener energy into disarray and could hurt energy companies’ preparations towards it.