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World

What BP’s soaring profits tell us about our dependence on oil

1 November 2022

11:00 PM

1 November 2022

11:00 PM

So much for those ‘stranded assets’ which former Bank of England governor Mark Carney and many others tried to warn us about. It wasn’t long ago that climate activists were urging the world to dump shares in oil companies, not just because we should want to punish them for climate change but because, they said, oil companies’ fortunes were on a downward trajectory as the world turned green.

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