Retiring BP chief executive Bob Dudley believes former New York City Mayor Michael Bloomberg’s $500 million plan to halt construction of natural gas-fired power plants in the U.S. is “irresponsible.”
Speaking to CNBC Wednesday at the Oil & Money conference in London, Dudley said: “Every scenario I look at, we cannot carpet the world with renewables fast enough.”
In June, Bloomberg said he would donate $500 million to a campaign called “Beyond Carbon.” The campaign’s website states it’s designed to get the U.S. “on the path to a 100% clean energy economy.”
To do so, it plans to prevent the growth of natural gas and close every coal-fired power plant in the U.S. by 2030, Kallanish Energy finds.
In a separate speech to those in attendance at the Oil & Money conference, Dudley said while Bloomberg’s efforts “may be well intentioned,” they were also “misguided,” CNBC reported.
“They rest on a false equivalence between gas and coal. And an assumption that an all-electric economy will emerge just as soon as we close the alternatives,” Dudley said.
When asked by CNBC why he referenced Bloomberg in his speech, Dudley replied: “Because I think it is irresponsible.”
“I think it means well (but) it is not going to work in so many countries.”
A spokesperson for Bloomberg was not immediately available for comment when contacted by CNBC Wednesday.
Last week, the U.K.-based oil and gas supermajor announced Dudley would retire from his current role at March 31, 2020.
The 64-year-old has worked with BP for 40 years and held the position of CEO for almost a quarter of that time. He will be replaced by current upstream CEO, Bernard Looney, shortly after delivering the firm’s full-year results.
Dudley said last month BP would sell some of its most carbon-intensive projects and reduce investment in others to try to improve the firm’s environmental footprint.
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