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Originally Posted by Street Pharmacist
I guess it depends on if you believe the current climate concerns accelerate the transition or not. BP's own analysis doesn't see NG growth unless we continue business as usual
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BP has lost a lot of credibility recently. Especially when their CEO has done virtually a 180 degree pivot. I do believe there needs to be and will be a transition - I however also believe that transition will not happen as fast as it needs to or as fast as people would like.
https://www.forbes.com/sites/daneber...gy-transition/
At the end of the day money talks. The transition is great but when you have people who can't afford to cook their meals or heat their homes economics are going to come back into play. Most projections I have seen seem overly optimistic and fail to contemplate the true impact on people's lifestyles. The environment is sexy until it starts impacting you and your family, at that point it starts to take a passenger seat. We are seeing it right now with the ESG movement - investors are doing a complete 180 when we are talking to the big funds right now.