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Shell and others are calling oil "deep water energy". This is good PR, nothing more. They aren't going to base their revenue on charging cars; and they get car
by botanical 3y ago
Shell and others are calling oil "deep water energy".
This is good PR, nothing more. They aren't going to base their revenue on charging cars; and they get carbon credits to look good.
If you search "BP global warming", the first 7 of 9 results are linked to BP.com about how they're taking action on climate change.
In February of this year, "BP dials back climate pledge amid soaring oil profits. The British oil giant wants to decrease its carbon emissions by between 20 and 30 percent by 2030. It previously aimed for a 35 to 40%." :
https://www.washingtonpost.com/business/2023/02/07/bp-climate-emissions-oil-profits/ https://www.washingtonpost.com/business/2023/02/07/bp-climat...
- parineum 3y agoI can't imagine there are any real consequences for not making their pledge so I'd take it as a sign that they are taking it seriously if they are readjusting their goals.
- dangus 3y agoSometimes it bothers me when we jump to the conclusion that anything “green” is a compliance and PR move and not as a viable profitable business. Products like EVs and solar panels aren’t just some hypothetical niche anymore. An energy company that sells fuel for cars and electrical generation having a business segment that sells energy for electric cars seems like a very relevant and complementary business. Maybe it is just for PR but it seems like BP would have a leg up on making a profitable charging network.
- jrajav 3y agoBP's entire existence is based on burning fossil fuels, and they're responsible for one of the worst oil-based environmental disasters of the past 20 years. I think it's very fair to assume that any mention of being "green" by them specifically is complete lip service.