Joining us this hour. Heres an interesting thing. Sort of a personal thing, but also a news thing. Right before President Trump was impeached the first time, i published a book called blow out and the weird surprising to me thing about blow out is that tended up being oddly well timed. I had no idea it was going to be well timed when i set out to write it, but thats how it landed. It was a book about the Oil And Gas Industry and the political power and geopolitical power of that industry. And a big chunk of that book was about all of the craziness and Corruption In Ukraine. And of course, then, right at the time the book came out, all the craziness and Corruption In Ukraine ended up being the setting, like the Playing Field for what President Trump got impeached for the first time he got impeached. I did not intend it to land that way. It was fortuitous and i hope helpful to people trying to figure out that landscape while we were looking at that first impeachment. Now, of course, mr.
What this materials more means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. 50 some production right be delayed some production right be dela ed. , delayed. So this sort of poses a bit of an delayed. So this sort of poses a bit of an existential delayed. So this sort of poses a bit of an existential thread i a bit of an existential thread for western industry. Finding a place for western industry. Finding a place for for west
and they were much better than expected. the new boss of bp, murray auchin closs, has had a mountain to climb since he took over from bernard looney, who was forced out after a scandal over workplace relationships. bps share price has languished while rivals such as exxonmobil have soared, some investors are uneasy about its huge and costly investments in green technology. some analysts say it is a potential takeover target. cornelia meyer is ceo of meyer resources, an energy consultancy. she was a former senior executive at bp. always good to have you with us. talk to me about that new dilemma that the new bus finds himself in. he has a debate where the new investment will come. continue to put money into green investments that are costly and won t pay off straightaway, or go down the route of fossil fuels which investors like but is not deemed to be the root of the future. . ~ but is not deemed to be the root of the future. ., ~ , ., ., ., the future. thank you for having m
since he took over from bernard looney, who was forced out after a scandal over workplace relationships. bp s share price has languished while rivals such as exxonmobil have soared some investors are uneasy about its huge and costly investments in green technology. some analysts say it is a potential takeover target. earlier i spoke to cornelia meyer, ceo of meyer resources an energy consultancy. she was a former senior executive at bp. you are damned if you do and you re damned if you don t. some investors would preferfor bp to do more on the green agenda and others, you know, sort of more activist investors who are after the quick short term return, favour the fossil fuel the hydrocarbons strategy. and i think bp is trying to walk a middle way and they have to straddle that middle way. your next story is about the net zero targets of europe. and bp is in europe. it has big operations in europe. it s ftse listed, so it has to deal with european and uk regulators, which m