Unprecedented': Leading BP investors holding £10bn in shares back climate resolution

What's their angle? Because it sure as fuck ain't altruistic

Oil & gas production is highly decentralized, there's a million medium/small companies in the space that you've never heard of, all selling the same commodities as the big players like BP. Climate change legislation has a much greater impact on medium and smaller sized operators, because they operate with much tighter margins and don't have the cash reserves to stay afloat very long when they aren't making money. Choking out the smaller companies is good for BP, and can possibly make them more money in the long run even when they're losing some money themselves from the climate change legislation. That's why they want a hand in it.

That's my take on it as an upperclass petroleum engineering student, but that's just my somewhat educated guess.

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