I think that you are correct, though I would not call it a green makeover. They are investing in energy that will make money.
Note that Equinor, whose projects BP bought into, is Shell. - Mark Sent from my Fuel Cell powered iPhone > On Sep 15, 2020, at 5:32 PM, Peri Hartman via EV <[email protected]> wrote: > > "BP is trying to reinvent itself as an energy company in the age of climate > change. The company is shrinking its oil and gas business, revving up > offshore wind power and developing solar and battery storage. It is even > considering installing electric car charging kiosks at its gas stations, part > of a drive to eliminate or offset its carbon emissions to a net zero level by > 2050." > > ----- > > I think this very encouraging and perhaps will be a trend for most of the > large energy companies. It's clear that oil, coal, and gas will cease to be a > major industry. It's just not clear exactly when. This kind of investment > into wind and solar could do more than practically any government incentives > or mandates. And if the early investments pan out, that should only > accelerate the overall investments. > > Side note: if the US government were to expand interstate rest areas into > something like the French model (I don't know if that model exists in other > countries), that would help even more. The French autoroute stops have the > ubiquitous gas stations but also a few shops, some fast food, and sometimes > restaurants, all confined together so you can easily walk to any of them. > It's a shoe-in to put EV charging there. Not so much on the US interstates. > > https://www.washingtonpost.com/climate-solutions/2020/09/15/bp-climate-change-transition/ > > .... > Now, BP, one of the world’s largest oil and gas companies, is aiming to ride > the waves of disruption instead of being crushed under them. > .... > BP is giving it a try. On Thursday, the London-based oil giant said it would > spend $1.1 billion for a half ownership in Equinor’s wind projects off the > shores of Massachusetts and New York, with the hope that the partnership will > build more offshore wind projects in a global market expected to grow from 30 > gigawatts now to more than 200 gigawatts by the end of the decade. > .... > It’s just a start. The oil and gas company’s chief executive Bernard Looney, > a drilling and production engineer, said on Aug. 4 that it aims to boost > spending on low carbon projects from $500 million a year to $5 _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub ARCHIVE: http://www.evdl.org/archive/index.html INFO: http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
