"The $47 Trillion Death Sentence For Oil & Gas
The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $47 trillion in value, will be fully implemented.
It's happening, folks. I've always believed in the market: When trends and demands change, the market follows. The entrepreneurial spirit will always go where the money is going.
does this mean May/GP will lower the saving humanity defcon level?
don't do it waldo... don't be a debbieDowner... stop... no..........
cause facts matter in regards that UN initiative:
- about a 1/3 of global international banks signed
- only 3 of the worlds top 10 banks signed
- only 1 top U.S. bank signed
- none of Canada's 'Big 5' signed
- signatories will have 4 years to complete
their own self-assessment - {4 years... oh the humanity! }
- there are no preset commitment requirements - no binding regulations
by the by, it seems the biggest of Big Oil are kinda likin' this "de-investment thingee"... it's allowing them to swoop in and grab the failing "little guys" for peanuts! Hey member Granny, when you say, "you've always believed in the market"... can we say, 'market consolidation'?