LONDON: British energy giant BP said on Tuesday (Sept 12) that its chief executive Bernard Looney has resigned “with immediate effect”, after admittin...
Looney, an Irish citizen, joined BP in 1991 and was appointed chief executive in early 2020. – AFPpicBritish energy giant BP said on Tuesday that its chief executive Bernard Looney has resigned “with immediate effect”, after admitting he had not been “fully transparent” about historical relationships with colleagues.
He had vowed to reposition BP as a leader in clean energy technologies, and gradually cut oil and gas production to reduce carbon emissions, but environmentalists have criticised the company for inaction in that regard during his tenure. Looney disclosed “a small number of historical relationships with colleagues prior to becoming CEO” during the review, it added, while noting that no breach of the company’s code of conduct was found.
“Mr Looney has today informed the company that he now accepts that he was not fully transparent in his previous disclosures,“ BP added. However, earnings have fallen from those heights somewhat so far this year, as energy prices retreated for much of 2023.
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