BP chief stresses energy diversity, competition

04/05/2010
Diversity, competition, and efficiency will be the key factors if the world is to balance energy security, employment, and economic development with combating global climate change, BP PLC Chief Executive Tony Hayward said in a Washington address.The factors aren't new, but their significance should not be underestimated, he said at the Peterson Institute for International Economics. "What's different in the 21st century is that energy security has become a defining issue. It is one element in a complex matrix with strategic, economic, and environmental dimensions," Hayward observed.BP's projections suggest that the world will need 45% more energy in 2030 than it consumes now, a...
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