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BP And Shell’s Renewables Plans – Go Woke Go Broke

Nov 3rd, 2020
by John Donovan.

BP And Shell’s Renewables Plans – Go Woke Go Broke

: Nov 2, 2020

Summary

  • No, I’m not suggesting that BP and Shell are about to go broke as a result of their plans in to renewables – that’s rhetorical use of a current trope.
  • The move does though entirely change the way we should be viewing those stocks. They become as with other companies, things to evaluate on single year horizons.
  • They used to be known as “widows and orphans” stocks, regular dividend payers safe to be held for decades – this is what has changed.

Going green is just fine

The idea of the world going green is just fine. Climate change is a real problem, we’re causing it, we need to do something about it. I’m one of the few on that free market right who has been saying this for the past decade or so and don’t I get stick for it too.

The idea of companies investing in doing that going green is just fine too. As someone on that free market right I would insist that this is the only way we will go green too. The capitalist way, people making a buck out of what people desire to be done.

This does not mean though that I think the current fossil fuel companies are going to make a success of going green. In fact, I think they’re going to have significant problems in doing so effectively. This isn’t quite my point here though. Rather, that they are going green – at least they say they are – means that the profile of the companies for us as investors has changed. Changed so much as to require a radical change in the way we think of them.

FULL ARTICLE

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Posted in: BP, Business Principles, Environment, Oil, Royal Dutch Shell Plc, Shell.
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