Quest For Strategic Deployable Solutions Fuels BP's Venture Funding Arm, Says Its Boss

By Staff Reporter

Aug 05, 2019 04:59 AM EDT

Faced with an evolving global energy mix, practically every major player in the oil and gas business is seeking avenues to gain a competitive advantage as well as meet the obligation of a lower carbon footprint.

The senior executive leading that charge for oil major BP (LON: BP), via the company's venture capital (VC) funding arm BP Ventures, says it is all about "future-proofing" and finding "strategic, scalable, deployable and profitable" solutions.

Speaking exclusively to Forbes, David Gilmour, Vice President of Business Development at BP, says the company's "dual challenge" these days is to provide energy for a world that continues to have a greater demand for it and at the same time fulfill that obligation with a lower carbon footprint.

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