BP weighs ending its 70-year-old Statistical Review of World Energy

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By Paul Homewood

h/t Ben Vorlich

It would be more than a pity if this happens:

 

LONDON, Nov 28 (Reuters) – BP (BP. L) is considering ending the publication of its Statistical Review of World Energy, over 70 years after it first published the benchmark report, as the energy major focuses on its shift to renewables, the company told Reuters.

The Statistical Review has been a go-to resource for the wider energy sector since it was first published in April 1952, providing detailed data on global oil, gas and coal production and consumption.

Led by BP’s Chief Economist Spencer Dale in recent years, the report was expanded to include data on renewable energy and even minerals used for batteries.

However, the report has been seen by some BP executives as detrimental to the company’s new direction, sources told Reuters.

A BP spokesperson confirmed the company has launched an internal review of the report.

“We’re looking at options for publishing the annual Statistical Review of World Energy, but as yet we’ve taken no decision,” the company said.

“The world of energy is changing fast and becoming ever more complex, and our energy and economics team are focused on understanding different elements of the energy transition and their implications for BP.”

The company added that “the Review is a valuable source of objective and comprehensive data and ensuring this continues is an important consideration.”

Chief Executive Officer Bernard Looney has radically shifted BP’s focus since taking office in 2020, aiming to sharply reduce oil and gas production while rapidly building a renewables business in order to slash greenhouse gas emissions.

https://www.reuters.com/business/energy/bp-weighs-ending-its-70-year-old-statistical-review-world-energy-2022-11-28/

The BP Review is essential for seeing what is happening to fossil fuel trends worldwide. By providing the actual data, it has continually shown the claims made by the renewable lobby to be falsehoods.

It is of course very damaging to the climate agenda put forward in the West that the rest of the world has carried on increasing fossil fuel consumption and emissions. Without the BP Review we would have little other than untrustworthy data provided by official sources such as the IEA.

My suspicion is that BP has been leant on.

via NOT A LOT OF PEOPLE KNOW THAT

November 29, 2022

BP weighs ending its 70-year-old Statistical Review of World Energy — NOT A LOT OF PEOPLE KNOW THAT