global.must
EN
BP boss is unsentimental in pruning portfolio and clear on North Sea advice to Burnham | Nils Pratley
['Nils Pratley']
Guardian Middle East
BP will ignore “sentiment” and “history” in pruning its portfolio of assets, says its new-ish boss, Meg O’Neill.
A sale of the solar power unit Lightsource is close but, as with the North Sea assets, it’s not just the green assets that are a target.
View image in fullscreen Meg O’Neill said BP would ignore ‘sentiment’ and ‘history’ in pruning its portfolio of assets.
Still, she was clear in the advice she had given to Andy Burnham if the new prime minister wished, as he says he does, to take a “pragmatic” approach to the North Sea.
“The message I left him with was: the UK gets 75% of its energy from fossil fuels today, so that’s oil and natural gas,” O’Neill said.