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> They make higher profit now. But how much demand destruction will happen in the long term ? That's not something they can control. The only thing they can d
by credit_guy 4y ago
> They make higher profit now. But how much demand destruction will happen in the long term ?
That's not something they can control.
The only thing they can do to future-proof themselves is to invest in renewables and hydrogen, and they appear to be doing that [1]
https://www.cnbc.com/2022/06/15/bp-buys-40point5percent-stake-in-massive-renewables-and-green-hydrogen-project.html https://www.cnbc.com/2022/06/15/bp-buys-40point5percent-stak...