Arctic Report February 1, 2017
Discussing BP’s energy development and market outlook, Spencer Dale, BP’s Chief Economist, said the company looks ahead annually at the next 20 years of energy policy. The forecasts are important because of BP’s massive energy sector investments, totaling $17 billion last year. Predicting the future is very difficult if not impossible, Dale said, but the company tries to understand the uncertainty in which it operates. With a 20-year outlook, the broad terms don’t change very much, but the questions do.