BP launched a broadside against those calling for investors to sell out of oil and gas companies and warned this approach threatened energy security and the global economy.

Bob Dudley, CEO, said on Oct. 10  that, despite the transition towards a low carbon world, oil and gas will be crucial for meeting future energy demand.

“Renewables are growing at a remarkable rate,” said Dudley, saying they could supply about a third of the energy mix by around 2040. “But we still need to meet the remaining two-thirds of demand.”