Hi Paul, we're committed to tackling the dual challenge & are in action across the businesses pursuing low carbon opportunities. Renewables are extremely important, but currently can't provide the energy needed to meet growing demand.
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Worth digging deeper than headline. I understand BP lobbied against ineffectual elements of the state’s carbon tax. It excluded the 6 main carbon emitters & also had a carbon price too low to drive the needed change. Correct carbon taxation is good!
I personally worked on 1631 so it is much deeper than the headline for me. It was a revolutionary piece of legislation even with its shortfalls. When asked if BP would oppose legislation if it included the emitters and more taxation, they were speechless. No answer.
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Agree it was a positive effort and well done on contributing to it but the whole set up on levels of carbon taxation needs equivalence otherwise it simply risks cross border leakage. Unilateral approaches run the risk of virtue signalling
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I don't understand what you mean... what needs equivalence? What is cross border leakage?
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