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[News] BP shuns renewables in return to oil and gas







BNthree

BNthree

Plastic JCL
Sep 14, 2016
11,715
WeHo


beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,256
BBC getting click-baity again. "shuns renewables" is hardly correct, it's a reduction of investment in this area. share price has under-performed others that stuck focus on oil and gas.
 


GJN1

GJN1

Well-known member
Nov 4, 2014
1,710
Brighton
BNthree said:
The company literally exists for one reason which is to make profit. If what they're doing is legal then they'll do it and they'll probably consider doing it if wasn't but could get away with it (I'm joking, don't sue me!).

Only way to steer them in a different direction is legislation.
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Or if we all buy Teslas?
 






beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,256
boik said:
I think you're quibbling. How would you describe it in the few words that are available for a headline then?
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Sky went with "slashes", i'd go with "reduces".
 




GingerBeerMan

GingerBeerMan

3-0
Dec 29, 2011
8,242
beorhthelm said:
BBC getting click-baity again. "shuns renewables" is hardly correct, it's a reduction of investment in this area. share price has under-performed others that stuck focus on oil and gas.
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They're up 36%, but it's not as high as Exxon's 150% or whatever it is. Apparently growth, HUGE growth, like BP have shown isn't enough when you can have even larger growth. It's this kind of mindset which will send humans to extinction.
 




Westdene Seagull

Westdene Seagull

aka Cap'n Carl Firecrotch
NSC Patron
Oct 27, 2003
21,734
The arse end of Hangleton
The problem being that many peoples private pension schemes have shares in companies like BP - are you willing to take a hit on your pension to keep BP's investments in renewals or would you rather they dump renewals in favour of more profits thus better payments into your pension? Personally I go with the former but I'd suggest a majority would go with the latter. Time for everyone to step up to fight climate change.
 


Madafwo

Madafwo

I'm probably being facetious.
Nov 11, 2013
1,834
Westdene Seagull said:
The problem being that many peoples private pension schemes have shares in companies like BP - are you willing to take a hit on your pension to keep BP's investments in renewals or would you rather they dump renewals in favour of more profits thus better payments into your pension? Personally I go with the former but I'd suggest a majority would go with the latter. Time for everyone to step up to fight climate change.
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I'd quite like there to be a habitable planet to live on if I make retirement age, so yeah, I'd take a couple of quid less.
 




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