In its annual Statistical Review of World Energy – published for the 68th year – the company said global energy demand and carbon emissions from energy use both grew strongly in 2018. Global energy demand was up by 2.9%, almost double the 1.5% average over the past ten years, while carbon emissions grew by 2%, marking their fastest rise in seven years. Together these three countries accounted for more than two-thirds of the global increase in energy demand last year. BP may be a big contributor to global oil and gas use, but it has at least acknowledged that there is a problem which needs to be fixed if climate change issues are to be properly addressed. “The longer carbon emissions continue to rise, the harder and more costly will be the eventual adjustment to net-zero carbon emissions.”

Source: Forbes June 11, 2019 16:52 UTC