The BP sustainable jet fuel project is expected to cost "hundreds of millions" of dollars, the company's Asia-Pacific vice president of low-carbon solutions Lucy Nation said. File photo: Reuters.
Global energy major BP on Thursday sought more investments in longer term contracts, natural gas, storage and diversification into other fuels to help withstand sudden market shocks, The Economic Times reported.
The call comes in the wake of a spike in coal, oil and gas prices to record heights that threatens to derail a global economic recovery from the Covid pandemic.
“Everybody now knows that the wind doesn’t always blow and the Sun doesn’t always shine. And I think that aspect of reliability is relatively well-understood. But there are broader aspects of reliability, which are those confluence of unusual events (such as accidents around the world),” the newspaper quoted BP chief executive Bernard Looney as saying at the India Energy Forum.
Read the full story: The Economic Times.
US lawmakers are worried Chinese automakers will use Mexico as a back door to sell…
The Dutch security agency – MIVD – said China has zeroed in on the country’s…
The International Monetary Fund’s managing director said Beijing needed to address its property crisis to…
Fans lined up at Huawei stores in big Chinese cities on Thursday to buy the…
The carbon-negative "nano-generator" is the work of researchers at the Dow Centre for Sustainable Engineering…
Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI…