Shell—bankrolled by the usual suspects like BlackRock—is reportedly considering scooping up BP, or what’s left of its battered, green-tinted carcass.
It’s official. BP’s much-vaunted “Beyond Petroleum” rebrand has now aged about as well as crude in a plastic bottle. After decades of climate posturing, oil-soaked disasters, and a failed fling with windmills, BP has come crawling back to its true love: fossil fuels. Maybe it’s time to call the company what it really is—“Back to Petroleum”.
And what better partner in this hydrocarbon love story than Shell—the other half of the British oil aristocracy, and arguably the more ruthless cousin. Not content with polluting the planet, Shell has long enjoyed ties to geopolitical espionage (hello, Hakluyt) and a shameful history of operating in apartheid South Africa. BP wasn’t far behind, of course. When it comes to moral bankruptcy, these two have always shared a boardroom.
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