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BP's CEO can't see a threat from EVs...

BP shareholders were rattled by the report by Stanford University’s Tony Seba and wanted to know how the board were going to react to this existential threat to their business.

CEO Bob Dudley’s considered response? There is no threat, apparently…

Yeah, right. We’ve seen a similar line trotted out by the Saudis who publicly state that EVs will remain an insignificant niche whilst drawing up plans to float their oil cash cow Aramco. We reckon that big oil might have its head, as well as its oil wells, in the sand..

Read more at The Times.

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