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Amy Harder Jan 11
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Scoop: BP CEO surprisingly cool to offshore drilling

BP Ceo Bob Dudley
BP CEO Bob Dudley in 2015. Photo: Eric Piermont/AFP/Getty Images

BP CEO Bob Dudley showed a muted appetite for pursuing drilling in new areas off America’s coasts in an exclusive interview with Axios this week.

Why it matters: Dudley's comments throw cold water on the idea oil companies are going to jump on drilling new wells off America’s coasts in response to the Trump administration proposal to open up almost all federal waters to new leasing. The reality is more complicated — and less compelling — than top administration officials have made it seem as they pursue President Trump’s “energy dominance” agenda.