Greenpeace has hailed BP‘s (LSE: BP) decision not to drill for oil offshore in South Australia as a momentous win. But it’d be naive to see the energy giant’s withdrawal as a purely environmental move.
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Why BP plc backed out of the big Australian Bight
VIDEO: One Fool looks at why BP plc (LON:BP) backed out of Australia.
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RISK WARNING: should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex. Where we promote an affiliate partnerâs brokerage products, these are focused on the trading of readily releasable securities.
