In the last month, BP said it had “set a new ambition” to get to net-zero emissions by 2050, and the company withdrew from three oil industry trade groups that have a history of opposing action to fight climate change. The announcements are the latest signs that a gap may be opening between European and U.S. oil giants over climate change, with the European companies—like the governments of their home countries—committing to much steeper emissions reductions than their American counterparts. But it is far from clear whether the European companies will take action that matches their commitments. Inside the future of energy. Environmental advocates say they are skeptical, while energy analysts say the extent of the transformation by BP and others will depend on how well this strategy works in terms of profits and investor response. “We don’t have time, given the urgency of […]