Former BP boss Lord Browne has today joined private equity firm General Atlantic to advise it on environmental and social issues, including the road to net zero.
The New York firm said that Browne would work with the firm to “find new ways to invest in climate solutions, and help develop corporate strategies for addressing global climate change”. During his 12-year career at the oil giant, Browne oversaw BP’s merger with fellow US oil firm Amoco, a deal which created the world’s first oil “supermajor”.
He also sought to rebrand the FTSE blue-chip, linking its initials to the phrase “Beyond Petroleum”. It was Browne who set the firm’s first emissions reduction target, a 10 per cent cut by 2010, which was achieved in 2001.
General Atlantic chief executive Bill Ford said: “John has dedicated his efforts to the energy transition for decades. “He has an extensive knowledge of the entire energy value chain and understands the importance of ensuring that the planet’s biggest problems are addressed commercially.”
Read more/Source: City A.M.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.