Simon Jack

speaker

172 appearances 2 recordings 1 series first heard Jul 2026 last heard 9 Sep

Simon Jack’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.

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Business Daily · Power Players: Can new BP leadership steady the ship? · 9 Sep 2026 podcast

There's clearly going to be more, and there has been a massive ramping up.

Are we going to need more connections?

Is there going to be more or less solar energy?

So all of these things will come up, and particularly when you've seen the volatility that can be created by what's going on in the in the Gulf right now, what happened with Russia and Ukraine.

You've seen an explosion of solar in places like China.

So I you know does this mean renewable energy has hit some sort of wall?

Definitely not.

But does it mean that companies and governments which specialise in this or there are subsidies to do that will take the lead in that?

I think that's right.

Well, it matters to us that it's uh a member of the FTSE one hundred and everyone who's got a pension of any kind will own shares within this company simply because it's a big constituent of the index.

But in term when people say it's outrageous the profits that B P are making, it's outrageous the profits that Shell are making, and that not paying very much tax in the UK, the point is they make n almost none of their production is in the UK.

I would say when

B P it's less than ten percent, with Shell it's less than five percent.

They basically basically p they've all kind of parked their North Sea, their UK based businesses, into either joint ventures or special purpose vehicles, which they're either gonna sell and and the BP's in the in the process of trying to sell off what's left of their so so yeah, so uh the a strong heritage with BP and Shell.

Remember the b you know the discovery of North Sea oil nineteen sixty seven to nineteen sixty nine?

We're all going to be rich.

It was like

It was like something you had a father Ted, what are we going to spend all the money on?

And of course, i it w unlike Norway, which basically put the money into a sovereign wealth fund, Nigel Lawson at the time who was the Chancellor, decided that that was too much state intervention.

Well, it wasn't a very Thatcherite principle.

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