Why BP Going Green Won't Decrease Emissions : vimarsana.com

Another Reason to Nationalize Big Oil
When BP or another company “goes green” and sells oil wells, other companies just keep pumping them.
Andrew Burton/Getty Images
A gas flare at an oil well site outside Williston, North Dakota
What gets left behind when a major oil company opts to go net-zero? Just because greenhouse gas emissions move off a corporate balance sheet doesn’t mean they disappear. That’s the upshot of a lengthy new investigation by Bloomberg’s Rachel Adams-Heard. 
The story looks at BP, which, as part of its ongoing and implausible rebranding as a low-carbon company, sold off long-standing assets in Alaska’s North Slope in 2019 to the privately held driller Hilcorp International. Months after taking over, Hilcorp ramped up production by 4.7 percent. Greenhouse gas emissions rose by 8.2 percent.