Breaking: Big announcement from BP this morning.
By 2030:
Oil and gas production cut by 40% 📉
Renewable energy production increased x20 📈
Low carbon investment increased x10 📈There is much, much further to go, but has BP just woken up to the #ClimateEmergency? pic.twitter.com/LiqTuyJ9ZD
— Greenpeace UK (@GreenpeaceUK) August 4, 2020
Tag: oil
Experts Say $17.5 Billion Writedown by BP Prove Oil Giant Knows ‘Reserves of Oil and Gas Increasingly Worthless’Â
“Big Oil is finally admitting what we’ve been saying for the last ten years: their reserves of oil and gas are increasingly worthless because there’s no way to safely, or profitably, produce them.”
How Can Oil Be Worth Less Than Zero?
Dan Dicker traded oil futures for 25 years on the NYSE. He explains how COVID-19 created a perfect storm for oil markets, and why it still doesn’t make green energy inevitable.
