**BP: "We have to Dare New Things. The Challenges Are New. The Solutions Are Not Easy. But They Are Possible."** BP CEO Bernard Looney has said that the energy company must "dare new things" in order to meet the challenges of the energy transition. "The challenges are new," Looney said. "The solutions are not easy. But they are possible." Looney said that BP is committed to playing a leading role in the energy transition, and that the company is investing heavily in new technologies such as renewable energy and carbon capture and storage. "We believe that the energy transition is an opportunity for BP to create value for our shareholders," Looney said. "We are well-positioned to succeed in this new energy world." Looney's comments come as BP is facing pressure from investors to reduce its carbon emissions. The company has pledged to become net zero by 2050, and it is taking steps to reduce its methane emissions by 50% by 2025. BP is also investing in new businesses such as electric vehicle charging and hydrogen. The company believes that these businesses will help it to grow in the future. "We are excited about the future," Looney said. "We believe that we have the right strategy and the right people to succeed in this new energy world." **Here are some of the key challenges that BP is facing:** * The increasing demand for energy * The need to reduce carbon emissions * The volatility of the oil and gas market **BP is addressing these challenges by:** * Investing in new technologies such as renewable energy and carbon capture and storage * Reducing its carbon emissions * Exploring new businesses such as electric vehicle charging and hydrogen BP believes that the energy transition is an opportunity for the company to create value for its shareholders. The company is well-positioned to succeed in this new energy world.
