homehome Home chatchat Notifications


British Petroleum Abandons Green Plans, Goes Back to Carbon

I had every bit of admiration for BP when they announced they were going towards some greener alternative, although this meant cutting back on some profits. Under the leadership of former CEO Lord Browne, British Petroleum had made steps to move its business model beyond only petroleum and into newer and greener energy sources. But […]

Mihai Andrei
February 21, 2008 @ 12:41 pm

share Share

british petroleumI had every bit of admiration for BP when they announced they were going towards some greener alternative, although this meant cutting back on some profits. Under the leadership of former CEO Lord Browne, British Petroleum had made steps to move its business model beyond only petroleum and into newer and greener energy sources.

But the oil price is at it’s highest and it probably won’t go down, so the new CEO Tony Hayward has decided to go back to their corporate money making non-green roots. The thing is that this is just a small move in a masterplan created by Hayward, which includes 14,500 jobs cut and nearly $1 billion trimmed from overhead costs. He decided that high prices are here to stay, and the company had to make money from this.

His plans have angered both environmental groups and former CEO Lord Browne, who calls these actions a “climate crime”. But the current CEO has made it crystal clear that unprofitable energy sources, no matter how green or popular, will not find their way to BP. But this could be a long term disaster for them, because the company could find itself totally unadapted to the needs the world will have years from now. Some BP staff are even thought to disagree with Hayward’s decisions, because they claim there is going to be a great price paid for all the emissions.

One can only wonder where is Steven Seagal, or some other guy who bullies corporations by himself… meanwhile, we can just watch how these companies laugh at the environment, and pretty much at us too. I feel sorry I felt admiration for them.

share Share

Over 70% of the world's aquifers could be tainted by 2100

Over 2.5 billion people depend on aquifers for fresh water, but rising seas and climate change are pushing saltwater into these crucial reserves.

AI Uncovers Thousands of Abandoned Oil Wells Hidden in Old Maps

Combing through old maps, this AI finds abandoned oil wells so we can cut off their methane emissions.

Google's DeepMind claims they have the best weather prediction model

After chess, Go, and proteins, has DeepMind taken over weather forecasting as well?

First Ice-Free Day in the Arctic Could Happen by 2027, Study Warns

Climate change is heating up faster than we thought.

Even ExxonMobil is telling Trump to tone it down on fossil fuels

Even ExxonMobil, a symbol of fossil fuel dominance, is urging climate action, underscoring the tension between Trump’s policies and industry realities.

NASA accidentally rediscovers forgotten doomsday Cold War base in Greenland

The ambitious and top secret project was supposed to withstand a first strike by the Soviet Union, but it ultimately couldn't withstand nature's cold embrace.

Big oil and chemical companies teamed up to "end plastic waste". They produced 1,000 times more than they cleaned up

"The Alliance to End Plastic Waste promised a $1.5 billion solution to plastic pollution. Five years later, it’s cleaned up less plastic than its members produce in two days.

Fiji is already relocating villages because of climate change

Dozens of villages have to move or be destroyed.

What Musk and Rogan Got Very Wrong About Climate Change and Meat

In a recent podcast appearance, Musk spread climate misinformation.

Global carbon emissions hit record high in 2024. Even coal grew slightly

No peak emissions yet.