BP and Shell agree to give up their tax concessions

In a surprise joint announcement to Russia Today, BP and Shell agree to give up their tax concessions.

Oil exploration has to be on the way out, says Shell.

Why?

Climate change.

We do not want to be part of, bad for our image.

BP do not see jobs in oil.

Tough for those in oil, but who guarantees jobs for life?

Shell agree to shut down Arctic drilling.

It is in the interests of both companies to give away their tax concessions, as who wants a revolution?

Before you get over-excited, note the date of broadcast.

It was broadcast yesterday, 1 April 2015.

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