No profit2 Feb 2023 11:26
Mr. Looney has said he is disappointed in the returns from some of the oil giant’s renewable investments and plans to pursue a narrower green-energy strategy, the people said. He has told some people close to the company that BP needs to do more to convince shareholders of its strategy to maximize profits, from the wall street journal.
You can tell their is no money in green energy by looking at the results of green companies.
They have increased the price of electricity because people are running vehicles on it the same way veg oil goes up with the price of oil as some people use it in their cars. The only way bp will make good returns is after they build the wind farms off shore and have most of the uk market. Are they in any rush to expand into the green energy if they get hit with extra taxes?