"Without policies such as regulations or taxes on very polluting investments, it's unlikely that wealthy individuals making a lot of money from fossil fuel investments will stop investing in them," says one economist.
But paying stock owners their share of the profits is, when you get right down to it, the reason BP exists. Maximum profit for a company like BP, and their shateholds, means minimizing their expenses and maximizing revenue. So sell as much gas as possible, and pay as little to offset the CO2 as possible. I don’t think it’s grasping at straws.
Owning the stock doesn’t impact profits. If I don’t own it, someone else will own it. Even if no one owns it and BP buys back the stock… the profits still exist.
BP isn’t sitting there saying, “FunderPants sold their mutual fund, cut back production by 10 barrels.” They’re producing to meet demand from the market. Profit is a byproduct of those sales. It has nothing to do with stock price.
But paying stock owners their share of the profits is, when you get right down to it, the reason BP exists. Maximum profit for a company like BP, and their shateholds, means minimizing their expenses and maximizing revenue. So sell as much gas as possible, and pay as little to offset the CO2 as possible. I don’t think it’s grasping at straws.
Owning the stock doesn’t impact profits. If I don’t own it, someone else will own it. Even if no one owns it and BP buys back the stock… the profits still exist.
BP isn’t sitting there saying, “FunderPants sold their mutual fund, cut back production by 10 barrels.” They’re producing to meet demand from the market. Profit is a byproduct of those sales. It has nothing to do with stock price.