The oil industry’s decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them.
Has BP ever made a profit? The question looks daft. The oil company posted profits of $26 billion last year. There’s no doubt that BP has been pumping money into the pockets of its shareholders. The question is whether this money is what the company says it is. BP calls it profit. I call it the provision the firm should be making against future liabilities.