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by RetroTechie
973 days ago
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> BP's responsibility is to increase profits for shareholders, not save the planet. Sad but true. Investors that divert from fossil to renewables remove themselves from BP's shareholder pool. Leaving almost exclusively shareholders that want the company to do what it always did: produce fossil fuel. So oil companies will remain that as long as they can. Maybe they'll do something for PR reasons, to hedge their bets, or legal requirements. When demand for fossil fuels collapses, it's a safe bet other companies (like Tesla) will be established players in renewable tech. Oil companies? Too little, too late. That said: more EV chargers out there = progress no matter who did it. |
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