UK 13:08 Tuesday, 13 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
BP (BP.) was captured by a board that worshipped at the alter of woke GroupThink. It spent vast amounts on diversity initiatives. Its board of ethically and sexually diverse career managers, not folks who had ever risked their own capital as entrepreneurs but who all shared the same ideological lack of diversity would brook no dissent. And thus while shareholders had bought stock in a company they wanted to produce hydrocarbons the board bought into a metropolitan GroupThink and went green. Today there is a reckoning.
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