Hmmm, People who invest money want returns on their investment? Seems crazy, but what if companies focused on long term profit instead of virtue signaling?
BP downplaying their climate goals?
https://www.reuters.com/business/energy/bp-ditch-renewables-goals-return-focus-fossil-fuels-2025-02-24/
8 replies (most recent on top)
But BP has a cool ‘flower power’ logo. Gives Shell brand geniuses something to work on.
only on the ones that turned out to be literally impossible. to be specific, a huge investigation was done on carbon sequestration and the market was almost entirely BS about planting trees so it couldn’t be used
final investment decision this year was approved for one billion dollars in a hydrogen electrolyzer which runs off green electricity from offshore wind
30 million dollars went to carbon capture startup in september 2024
literally 15 billion invested into this stuff in the last two years
typical of BP employees to try to act like everyone else is the liars.
Ya. Hold Shell’s beer.
Shell is already way ahead of BP in terms of doing a 180 on low-carbon investment. They’re trying to catch up with us!
Maybe the Shell board can rent some rent-a-mob Soros protesters to attend the annual meeting to make it look like Shell investors want more CRT training and wasteful malinvestment in green energy projects with no prospects for return?
shell will be frozen in time stuck on DEI and green energy/climate forever
this is because they hired and promoted disciples of these ways. wael didn’t kick them out, he is one of them
sell your stock or pray it converts to better stock after the buyout/merger in 5-10 years
we have sold a ton of useful assets and kept all of our green garbage, there is your sign
Nissan moved faster in a mass market produced electric vehicle than Tesla
Let new startups handle the green space with that as a focus. I cannot think of an example where a company jumped to a new industry and was successful.
If an oil company were to try to put a green technology approach; it would be like Sears catalogue competing with Amazon. Or like when Kodak invented the digital camera and simply lost in the new market.