After more than 70 years of publishing the Statistical Review of World Energy, BP has decided to end its involvement and pass the report’s publication on to an industry body.
The report was first published in 1952, when the focus was on the production and consumption of coal, gas and oil around the world. It has since become a go-to reference for the energy sector, with it expanding its scope to account for the minerals needed for battery production and the growth in renewable energy generation.
The statistical review will continue to be published by the Energy Institute from this year, with it being renamed The Energy Institute Statistical Review of World Energy. In a press release, Spencer Dale, the Chief Economist at BP, expressed his pride at being involved with the review and said BP would continue to support the publication of this vital, free-to-access resource, adding:
“The Energy Institute, as the leading, independent, professional body for energy, is the perfect new custodian. bp will work closely with the Energy Institute to handover our role in producing the Statistical Review and will continue to support and champion its role in the future.”
Reuters reports that BP, which also makes the Castrol metalworking fluids, came to the decision in order to free up Dale’s team to focus more on the company’s transition away from fossil fuels toward low-carbon and renewable energy.
The 72nd edition of the statistical review is expected to be published in late June.