Aker BP chief executive Karl Johnny Hersvik has defended the Anglo-Norwegian independent's decision to steer clear of any renewable energy investments, insisting the pure-play oil and gas player is looking after investors' interests by "doing what we are best at".


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The Oslo-listed company — in which UK supermajor BP holds a 30% stake, with Norwegian conglomerate on 40% — vowed on Thursday to remain a pure oil and gas player despite the ongoing energy transition drive in the industry.