1 out of every 6 that goes into UK pension funds comes from BP. The profits support pension funds which are not in good shape. If we did not do this the pension funds would be in much worse shape.
More Quotes from Lord Browne:
As a long-term business we should begin to look beyond that hydrocarbons, beyond petroleum - to the energy needs of the world over the next half century. And that is what we are doing, starting today.Lord Browne
We anticipate production from the deepwater Gulf of Mexico to be back to normal, with the exception of the Shell-operated Mars project, by the end of the year,
Lord Browne
Retirement is not a concept I have much time for. I will be very interested in making sure I continue to do business.
Lord Browne
Consistent with existing BP practice, we remain committed to returning excess free cash flow, including the net proceeds of this sale, to shareholders,
Lord Browne
We have such an extraordinarily resourced business.
Lord Browne
Of course, what we are announcing today is not an instant, magical transformation of the energy market. It is a very realistic, practical step in a new direction. For the foreseeable future, for decades to come, the world will need hydrocarbons, and we will continue to invest in order to produce and sell oil and gas in the cleanest, most efficient way possible,
Lord Browne
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