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Big Oil can stay relevant in low-carbon future: BP

But BP economist Spencer Dale says oil majors have to help economies tap the power behind renewable sources

BP's Spencer Dale projects that EVs would send oil consumption down by only three to four million barrels per day (bpd), out of the almost 100 bpd consumed today.


WITH tweaks to their existing business mix, Big Oil can stay relevant, even as the world moves on to embrace the low-carbon future envisaged in the 2015 Paris climate agreement, BP's chief economist has said.

In an exclusive interview with The Business Times, Spencer Dale...

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