nothing demonstrates esg leadership and measured discipline like going all-in on an oil sands asset!
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Oil sands and resource plays are a good match for our mediocre technical capabilities. Management has long wanted a “manufacturing “ style of business that could be accelerated or slowed down depending on the market. Pretty boring technically.
If you're 'gretin' working for COP, you should quit and go work in the nickel mines in Norilsk for free for a couple of years to redeem yourself.
But I get it, you hypocrite, you won't: Pecunia non olet.
It’s all about Smart Growth, Superior Returns, and SPIRIT Values. This is how we win apparently.
I have a colleague who goes to that even though he is staunchly against it. I try not to talk about that at work lest I be fired for having an opinion other than the narrative.
But even going down there for the freebies is construed as support and if you don't hold to your morals and convictions, then there can be no change.
Don't worry...we will make up for it in other areas of esg to compensate. Speaking of...I'm late for the ceremony
It’s a lot more environmentally friendly than mining lithium and REE’s from the sea floor, or coal for “green” electricity. Truth hurts, but there it is. Oil sands aren’t going away any time soon.
I feel (and hope) that our leadership knows in their souls that ESG is just a fad. The end of ICE by 2030, ain't gonna happen. As of now, battery powered cars don't even breakeven with ICE until 60-80,000 miles, then they become a net benefit. But what is the true lifespan of the battery pack? What are the longer term effect of the batteries in a landfill vs a ICE car in a landfill? Current gen battery cars are NOT the answer long term.