Gem of the day

I love skimming the FT column Lexington ("Lex) for its total discounting of anything sustainability related. Witness this gem of a post today discussing the oil industry and how it needs to change--not in the way you might be thinking, though. The introduction is promising:

"The integrated oil majors sail serenely on, as supertankers tend to do. Yet BP’s calamity in the Gulf of Mexico, a rising regulatory burden, stubbornly high costs, and relatively poor shareholder returns suggest the sector could do with a dose of innovative thinking."

The conclusion, however, leaves much to be desired:

"The sector is actually ticking the right boxes in pursuit of returns for shareholder...How about some radical ideas this reporting season to accompany those rivers of cash?

Right, because clearly the most material issue for the oil industry right now should be restructuring in order to 'boost returns'.