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BP faces $17.5bn hit as it forecasts cheaper oil

Oil giant BP expects prices to fall as coronavirus accelerates a shift from fossil fuels.

Oil giant BP expects prices to fall as coronavirus accelerates a shift from fossil fuels. Cornelia Meyer used to work at BP and is the chief executive of Meyer Resources, and tells us BP's announcement is dramatic. And Sir Ed Davey, acting leader of the Liberal Democrats political party in the UK, who was secretary of state for energy and climate change between 2012 and 2015, considers BP's assertion the pandemic will catapult us into a future where we burn less carbon. Also in the programme, our workplace commentator Pilita Clarke considers how to figure out your place in the office hierarchy now that so much work is being done from home. Plus, as shops across the UK reopen with lockdown measures gradually easing, we find out how the shopping experience will change. We talk to the owner of Northfields Toy Shop in west London, as well as Mark Allsop, chief operating officer of the Dixons Carphone group's electronics and electrical equipment stores. And Bridey Lipscombe, founder of creative agency Cult, gives us her assessment of whether with all the changes retailers are having to make, the sector will still be successful.

(Picture: A BP logo. Picture credit: Getty Images.)

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27 minutes

Last on

Mon 15 Jun 2020 14:32GMT

Broadcast

  • Mon 15 Jun 2020 14:32GMT