News agency says oil giant planning climate overhaul

BP's incoming CEO plans to expand the company's climate targets and considers a radical overhaul of the British oil major.

In February, Bernard Looney, 49, will take over as CEO at BP from Bob Dudley, who's been CEO since after the Deepwater Horizon spill in 2010. | Photo: Handout ./VIA REUTERS / X80001

by MAZ PLECHINGER

With the last name Looney, one might be expected to have a few crazy ideas. And apparently, that's what Bernard Looney will bring to the table once he takes over for Bob Dudley as chief executive at BP. At any rate, the incoming CEO has plans to expand the oil major's climate targets and perhaps do a thorough overhaul of the company's very structure, writes Reuters.

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