We Will Never Do Anything About Climate Change
By 
Just whistling past the graveyard here……
BP has announced it will cut its renewable energy investments and instead focus on increasing oil and gas production.
The energy giant revealed the shift in strategy on Wednesday following pressure from some investors unhappy its profits and share price have been lower than its rivals.
BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously planned funding for renewables by more than $5bn (£3.9bn).
The move comes as rivals Shell and Norwegian company Equinor have also scaled back plans to invest in green energy and US President Donald Trump’s “drill baby drill” comments have encouraged investment in fossil fuels.
Murray Auchincloss, BP’s chief executive, said the energy giant would be “very selective” in investing in businesses working on the energy transition to renewables going forward, with funding reduced tobetween $1.5bn and $2bn per year.
He said this was part of a strategy “reset” by the company to focus on boosting returns for shareholders.
I mean, sure, this is only the greatest crisis in the entire history of humanity with a nonzero chance of eventually leading to a mass extinction event, but what about the quarterly report?