The world and the oil and gas industry need to start tackling in earnest climate change, Spencer Dale, group chief economist at supermajor BP, told The Washington Post in an interview published on Tuesday. “All the climate arguments are real, urgent and important,” Dale told The Washington Post’s Dino Grandoni. The longer the industry and the world wait until they start addressing carbon emissions, the more “draconian” changes the global economy will see in the future, according to BP’s chief economist. In its annual BP Energy Outlook published last month, BP said that renewable energy will be the fastest-growing source of energy in the world through 2040, penetrating the energy system “more quickly than any fuel in history” to become the largest source of power by 2040. Renewables are expected to account for some two-thirds of the rise in power generation globally, and their share in the global power […]