Is BP putting stranded assets theory into practice with exit from Great Australian Bight?

Madeleine Cuff
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Is BP putting stranded assets theory into practice with exit from Great Australian Bight?

Oil major says it is abandoning plans to drill in the remote region to focus on opportunities likely to create value in the 'near to medium term', but it sounds to some like a response to the 'carbon bubble'

The South Australian Bight is perhaps one of the world's most biodiverse marine habitats. Beneath the pristine waters swim Australian sea lions, Bluefin tuna, endangered whale species and sardines, alongside...

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