When the facts change, I change my mind. What do you do, sir?
Paul Samuelson (commonly misattributed to John Maynard Keynes)
The Financial Times’s ‘Monday Interview‘ of Lord Browne was headlined ‘Beyond BP: John Browne on the oil company’s green U-turn’. Aged 77 and now standing for the Chancellorship election at Cambridge university, it was his chance to reminisce over 40 years of career experience at BP, with 12 years as the company’s CEO. Despite the headline, he had precious little to say about the oil company’s dramatic shift away from ‘green’ investments back to oil and gas under its new CEO. As the FT put it: “Browne demurs, in his characteristically circumspect way, saying he ‘doesn’t really approve’ of former CEOs weighing in on the choices of their successors.”
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