BP’s Browne Says Governments Must Help Achieve Energy Security

Governments of consuming countries, not just international oil companies, have a role to play in achieving energy security, BP PLC (BP) Chief Executive John Browne said Wednesday.

Browne told an audience at the Institute for International Economics that since so many producing countries are in transition, successfully completing that transition is vital to realizing the full potential of those countries’ natural resources.

“The first strand of practical action in support of energy security is the development of diverse supplies and infrastructure on the basis of private investment backed by government engagement,” Browne said.