On this week’s episode of Fortune‘s Leadership Next podcast, co-hosts Alan Murray and Ellen McGirt talk with BP CEO Bernard Looney. They jump right into a discussion of BP's recent announcement that it would increase spending on oil and gas. Looney emphasizes that there is far more to the plan:
"As a result of leaning into our strategy," he says, BP is "investing up to $8 billion more into the energy transition, up to $8 billion more into today's energy system, so that we can provide energy security." That all adds up, Looney explains, to a plan that moves BP from an oil company to an "integrated energy company."
