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- Businesses like certainty, and
- Businesses will either; a. invest profits back into the business - creating economic/employment/tax/etc. growth, or b. pay dividends to investors who will invest their money in other businesses and then return to 2.
If that's what you believe, that's what you believe. There is a principle at stake.
- Businesses like certainty, and
hugo7
NickCJ
It is weird (like a lot of things these guys do). I can only think that they genuinely believe the oil majors' guff about needing the profits to invest in energy transition.
The "oh they like to give money to their mates" explanation is a bit too easy.