Part 6/9:
With BP's insistent pivot to renewables and its apparent neglect of oil and gas, Monford questions the competence of the company’s leadership. Specifically, references to Bernard Looney, a former CEO who had aspirations to make BP Net Zero by 2050, highlight a leadership focused more on ideologies than the practicalities of running a profitable energy enterprise.
Monford's comments on the company's current leadership, described disparagingly as “woke,” suggest a profound disconnect between BP's operational goals and its boardroom decisions. Amidst this turmoil, he speculates on whether the company’s leadership comprises individuals with genuine experience in energy production or if they hail from ideologically driven backgrounds detached from the realities of the industry.