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Excellent Sunday Times Article.
"Looney is a popular man within BP". I bet he is, rewarding employees with over generous shares schemes. The comments about having more money that they know what to do with is an insult to suffering shareholders.
Bernard could quite easily reverse his commitment to reducing BP's oil output, especially in these uncertain times. The thought of this action angering "green employees" enough to leave the company is non sensicle.
BP has done more than any other oil and gas company in pledges to a less polluting future, but the shareholders must not be forgotten. Bernard must remember a lot of pensioners bought BP shares for a pension today, not dreams of a future they won't see.
I would like an immediate reinstatement of the dividend with a company CEO with the metal to defend it.
Cheers.
Wolfiebill, I was not doubting the accuracy of your statement but the validity of the exercise. The article refers to charging a vehicle during a mandatory 45 min break to extend there range. If you have a class 1 licence as I do you will realise all sorts of factors come into play such as weather road conditions etc. My point is a driver who is maximising his driving time would not know always where he would be when required to take a break.
What Nonsense.
The infrastructure for trucks as being installed in London now to recharge electric buses, will be provided by electricity suppliers. Trucks will be recharged once back at the depots as busses. I fail to see where BP comes into the equation.
Meoryou, surely BP and Shell have been withdrawing from the North Sea as it was uneconomic. Now due to the current energy crisis the government are encouraging massive investment from BP at the same time imposing a windfall tax. You couldnt make it up. Bernard must use these investments as leverage to reinstate a substantial dividend.
When an Oil & Gas company has a market capitalisation based upon a forward P/E of under 4 something is wrong.
The markets view BP's current strategy as too risky. Bernard could have played his Green hand slightly less aggressively. It will take years for his transition to materialise. Slow is the order of the day like other supermajors not all in with both hands and feet.
I believe Looney is so isolated within BP and surrounded by Green sycophants that alot of our messages as shareholders are simply ignored.
Baz, why do you care that other people care. Except as you know it all comes down to green dogma. Germany is potentially sacrificing its independent energy sector, all destroyed on the altar of green stupidity.
R00st3R, I think Looney has got his strategy badly wrong as had been proven by no other Super Major joining his totally bonkers pledges on Green.
I would love to see the candidates in the PM election give a pledge to hold a referendum on Netflix Zero.
An uprising fuelled by green madness... let the West beware: The anarchic scenes in Sri Lanka are a lesson for all governments in pursuing an economically illiterate agenda, says MARK ALMOND
By Mark Almond, Director Of The Crisis Research Institute In Oxford, For The Daily Mail
22:54, 10 Jul 2022 , updated 01:11, 11 Jul 2022
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The anarchic scenes in Sri Lanka are enough to make the blood of any world leader run cold. President Gotabaya Rajapaksa’s residence overrun by furious protesters. Crowds cavorting on his four-poster bed and in his swimming pool and gym. Sections of the Prime Minister’s home in flames.
This burning building not only serves as a symbolic funeral pyre for Rajapaksa’s government. It is a smouldering lesson for all governments in pursuing an economically illiterate green agenda at the expense of common sense.
Make no mistake: The roots of this chaos can be traced to Rajapaksa’s wrong-headed thinking on farming. In his 2019 manifesto, he pledged to transform Sri Lanka into an ‘organic’ nation within a decade – reducing and eventually banning chemical fertilisers, herbicides and insecticides.
It’s a pledge that would probably win votes here, too. Who wouldn’t, in principle, want a greener future, free of nasty chemicals? But the trade-off, as Sri Lanka learnt the hard way, is food production tumbling over a cliff. For them, going green meant going hungry.
In 2020, Covid struck, hollowing out Sri Lanka’s finances and causing its vital tourism industry to grind to a halt.
Any rational government would have abandoned the pledge to hobble agriculture with eco-strictures. But Rajapaksa doubled down, announcing in April last year a total and immediate ban on fertiliser, to the outrage of Sri Lanka’s two million farmers. He was lauded by the world’s pampered eco-dignitaries at Glasgow’s Cop26 conference that November, feted as a green torch-bearer for developing nations, receiving warm praise and Covid-friendly elbow bumps in every corridor.
Demonstrators protest inside the President's House in Colombo after President Gotabaya Rajapaksa fled
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Demonstrators protest inside the President's House in Colombo after President Gotabaya Rajapaksa fled
People take a look at and a dip in a swimming pool at the President's palace in Colombo on Sunday
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People take a look at and a dip in a swimming pool at the President's palace in Colombo on Sunday
A man plays a piano inside the Sri Lanka's presidential palace after it was overrun by anti-government protesters
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A man plays a piano inside the Sri Lanka's presidential palace after it was overrun by anti-government protesters
Sri Lanka security forces brutally attack anti-government protesters
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People wait to visit the President's house on the day after demonstrators entered the building amid
Once we are rid of the clown and hopefully most of the cabinet, we can hopefully get new leadership to address this Green Nonsense and throw out Net Zero.
Sure Windfarms and Solar installation are a great asset to a company like BP, but they must not overtake our core business. Our core business is Oil & Gas exploration & production. Long may it continue.
From the Times.
Would we be investing in wind or solar right now? The answer is no’ Brian Gilvary.
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Were not the former BP management team fully focused on delivering growth and returning profits to shareholders. Not for the CEO to engaged in some half baked plan to transgender the company, surround himself with women and woke agenda (pronouns).
This share is due to aimlessly drift without direction. Unless
A. Ditch net zero
B. Pledge future of the company to oil and gas, not weasel words like "part of portfolio"
C. Start generating cash from billions wasted on Green
D. Raise Divi to pre pandemic levels
All in my opinion.
Has the supreme court just killed Net Zero in the United States. Where does that leave net zero in Europe. Bernard needs to immediately make a pledge on the future oil and gas with no foreseeable production cuts going forward.