Is bp’s new “strategy” for low carbon energy going to be joint ventures to minimize capital investment and exposure to risk? Or is this just a side project? I’m so confused. Of course, bp leadership is not explaining it too employees en-masse.
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Frees up the business... wind was a drag... zero margin with high labour costs...
BP does not have a strategy.
It means layoffs.
In response to this, the Chief Investment Officer for Bluebell Capital told MarketWatch that bp’s actions are “too Little, too late. Starting from the chair, all the directors should be fired. The sooner the better.”