Fossil fuel companies are done!

BP revealed a full-year loss of $18bn, its first since the Deepwater Horizon disaster more than a decade ago, and ExxonMobil reported an annual loss of $22.4bn – its first ever. Shell capped a year in which it slashed its dividend for the first time since the Second World War with a debit of almost $20bn.

Maybe this is unprecedented because of covid, but I think it's a signal to the big oil companies that the world no longer really needs fossil fuels🌍🌱

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Tastyfrzz · 61-69, M

I think it's mostly due to the drop in air travel.

SW-User

@Tastyfrzz It's certainly a factor, but then that's covid related, too. However, I can't see air travel getting up to its previous peak for many, many years yet, particularly business travel.

Tastyfrzz · 61-69, M

@SW-User true. We used to fly to meetings all the time but those days are gone because of zoom and cell phones.