oil and gas

Bye, Felicia. (Photo: Getty)

BP Worries a Green Coronavirus Recovery Could Kill Its Business

Oil giants are coming to terms with their impending doom. That’s especially true these days for BP, the London-based multinational fossil fuel corporation most notorious for causing the Deepwater Horizon oil spill in 2010. The company announced Monday it’s writing down up to $US17.5 ($25) billion on its assets in…

Shell: OK, We May Actually Be Fucked This Time

Shell: OK, We May Actually Be Fucked This Time

The coronavirus has sent oil demand plummeting, and it may never return to where it once was. In a stunning admission, Shell CFO Jessica Uhl told investors she sees “major demand destruction that we don’t even know will come back.”