"BP lost $5.7 billion. BP (NYSE: BP) lost $5.7 billion in 2020,...

"BP lost $5.7 billion. BP (NYSE: BP) lost $5.7 billion in 2020, the first loss in a decade.
The company said it would ramp up renewable energy capacity to 50 gigawatts by 2030, up from 3.3 GW currently."

Like many operating oil Co's many suffered big loss in 2020.
Investment in Oil for future expenditure and new fields will be limited.
Oil consumption demand is still going to be strong for a while yet. Many seem to also forget how much oil is used in EV manufacture and plastics.
What is the pretty little EV full of? How much oil is used to produce an EV? Plenty I can tel U. Be shocked research it please.
Oil has just had a massive night and is currently $57.80.
This is good for TEG and PGY who produce. It will help both for bottom line no doubt.
BP want to go renewable from 3.3 GW to 50 GW by 2030. That is a massive leap in renewable.
Many other majors are doing the same.
Investment is major into this area.
PGY/TEG has all the infrastructure right there in one of the windiest areas of Australia.
Honestly this is a no brainer.

This makes what is attempting to be achieved here for PGY and TEG so very bloody exciting for the future.
GO TEG
GO PGY