BartW
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Bold is gold.The linked article is primarily about coal which is not the business of BP/Shell/Exxon. To the extent they have coal reserves the shift just moves them to other parts of their product portfolio. Much of the "leave in the ground" for gas and oil are in areas that are not likely part of their (or a major part) of their portfolios. (China, ME)
In effect, they could support this since it will impact their competitors' reserves much more than theirs and still be making the right business decision.
Regardless of the true level of danger from FF use, we are hurtling rapidly towards assuming the danger is catastrophic. As a result, these companies are trying to manage the trajectory.
I think youd be surprised just how much those O&G companies operate on other continents. I dont understand the rationale behind giving up trillions in assets because it will impact their competitors reserves more. That still hurts, a lot. If climate change were actually a hoax, why would these companies go along with it? Wouldn't they be better off exposing the conspiracy?
