BP hires Equinor exec to lead ventures business

Published by
Reuters UK

By Ron Bousso LONDON (Reuters) – BP has appointed Gareth Burns to head its global ventures division which oversees the company’s investments in start-up technologies as part of its shift to low-carbon energy. Burns joins from Norwegian rival Equinor where he set up and has led its energy ventures business since 2016, BP said in a statement. BP’s ventures business has invested $1 billion in 70 companies and actively manages 30 of these today, according to its connection. The businesses range from unmanned aerial vehicles to geospatial analytics software and artificial intelligence. BP also appoint…

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