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article imageBP in talks with electric car makers on service station chargers

By Karen Graham     Aug 1, 2017 in Business
The U.K.'s multinational oil and gas company BP is in talks with electric vehicle makers to offer re-charging docks at its global network of fuel service stations, BP CEO Bob Dudley announced on Tuesday.
Much has been written lately on the need for oil and gas companies to seriously consider adding renewables to their long-term business strategies. With Petroleum's old business model being threatened with the forecast rapid growth in the use of electric vehicles, some oil company forecasts show road fuel reaching a plateau as soon as the late 2020s.
However, BP only wants a slice of the renewables market but is looking at unique ways to ease into the new energy sector, Dudley told Reuters in an interview today. "We have discussions going on with a lot of the EV manufacturers to have a tie-up with our retail network for charging," Dudley told Reuters during the interview.
Exxon, Chevron, Shell, BP, Total, Eni and Statoil, the major petroleum companies referred to as Big Oil, have already made significant adjustments to their business models, as Digital Journal noted a few weeks ago. BP's move is a positive sign when looking at ensuring the company's sustainability.
Dudley has been outspoken about oil and gas companies needing to be more proactive regarding moving away from fossil fuels and transitioning to renewables, according to The Street.
"We'll be ready for this world but we're not going to dive in too deeply," Dudley said, citing BP's previously failed attempts into renewable energy, including solar power.
BP competitor, Royal Dutch Shell has already started a pilot program to install battery charging docks at a few of its fuel service stations in Britain and the Netherlands. However, BP, Shell, and the other big oil companies still have a long way to go in coming up with a workable plan for increasing their interests in renewables, particularly in the wind and solar energy sector.
More about BP, electric vehicles, recharging docks, service station, Sustainability
 
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