BP CEO bats for investments in oil & gas projects along with energy transition
Reliance Industries is trying to get EV charging infrastructure at their retail outlets. At present, the joint venture has over 1,620 retail outlets.
“That's going to be so critical for India… not just for the net zero goal by 2070, but importantly, the energy independence goal by 2047," he said. “If we can get the two-wheelers, the three-wheelers, and over time, the passenger vehicles converted to electric, I think that's going to be hugely important for the country.
So, we're very excited to be investing in that." He further said that the company is also investing in compressed natural gas. Speaking at the B20 Summit organized by CII, Looney said that oil and gas will continue to be key sources of energy for decades and it will be critical to maintain a global demand-supply balance.
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