Wednesday, December 25, 2024
Big Oil is selling dirty assets, but they aren’t going away - oil and gas 360

Big Oil is selling dirty assets, but they aren’t going away

Source: Houston Chronicle When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to an extra perk from the $5.6 billion sale: a significantly lower carbon footprint. Cutting emissions is important for Dudley, partly because influential shareholders are forcing BP to align its spending with climate goals. But there’s a catch. Hilcorp Energy Co., the