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The Latest Breaking News from Bernard Looney

Fair Cop27? Where did Peter Dutton’s figure of $2tn for climate damage fund come from?

Meanwhile, BP’s CEO was in town spruiking the energy giant’s climate credentials, as its oil output increases from last year

The Guardian - AU

Gas well methane leaks a 'huge' environmental and economic issue, BP's Bernard Looney says

The head of one of the world's biggest oil and gas producers has called for a clampdown on fugitive emissions on economic and environmental grounds, but says fossil fuels are crucial to the renewable energy transition.

ABC News

The case for an energy windfall tax is simple, the problem is the opt-outs

The allowances are either too generous or something has gone wrong in the design

The Guardian - UK

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The oil industry has a talent vacuum

Who wants to work for the brands that brought you climate change?

Salon

British Museum urged to drop BP sponsor deal for Egypt exhibition

Brian Eno, Ahdaf Soueif and Miriam Margolyes sign open letter about exhibition opening shortly before Cop27

The Guardian - UK

Light fantastic: BP’s solar venture launches biggest UK project yet

From solar farms to floating arrays, from Australia to Bedfordshire, Lightsource BP is ramping up its renewable energy push

The Guardian - UK

Starmer bungled in failing to target his energy bill support

Labour’s idea may represent smart politics but it makes no economic sense to freeze prices for everyone

The Guardian - UK

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BP rakes in £880 a SECOND as fatcats' bonanza leaves Brits unable to pay for food

Chief executive Bernard Looney – who called BP a 'cash machine' – could make much as £11.7million from the profits surge while Brits struggle with the cost of living crisis

Daily Mirror

BP posts eye-watering profits as families fear they have 'nothing left' to cut back on

ENERGY giant BP has posted eye-watering profits of £6.9 billion as ordinary families across the country fear another expected increase in their…

The National (Scotland)

BP fatcats set to rake in £18m a year as households struggle to pay energy bills

Chief executive Bernard Looney, 51, could take home an astonishing £11.7m along with finance boss Murray Auchincloss who could trouser up to £6.3m in pay and perks

Daily Mirror

Lord Browne: the man who went from BP and the North Sea to net zero

he former oil chief is now championing green energy as an investor – and also backing a windfall tax on his old industry

The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

The Guardian - UK

The Observer view on the urgent need for a windfall tax on the energy giants

Even bosses of Britain’s oil and gas companies admit they hardly know what to do with record-breaking profits

The Guardian - UK

Boris Johnson to axe 90,000 civil service jobs to free cash for tax cuts

The move would reduce Government office staff by 20%

Wales Online

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Evening Standard

Jacob Rees-Mogg defends plan to cut 90,000 civil servant jobs

The Prime Minister hinted the money saved by cutting the Civil Service by a fifth could be used for tax cuts

The Independent UK

Cost-of-living crisis: Boris Johnson wants to cut 90,000 civil servants

The Prime Minister hinted the money saved by cutting the Civil Service by a fifth could be used for tax cuts.

The Guardian - UK

Looney’s tune on windfall taxes is unpersuasive

The BP chief executive calls the proposed levy ‘unpredictable’ but it is also thoroughly affordable

The Independent UK

Why has Boris Johnson taken his cabinet to Stoke-on-Trent for ‘away day’?

Ministers asked to ‘bring Queen’s Speech to life’ with 300-mile round trip to Staffordshire

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Daily Record

Rishi Sunak plans North Sea oil windfall tax to ease cost of living crisis

The Chancellor is reported to have ordered officials to look at the Labour plan to impose a one off tax on the massive profits generated in the North Sea.

The National (Scotland)

Boris Johnson wavering on opposition to windfall tax amid backlash

BORIS Johnson has signalled he could cave in to opposition demands for a windfall tax on energy companies to help tackle the cost of living crisis.

The Guardian - UK

North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

The Independent UK

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

Evening Standard

City comment: BP boss Bernard Looney is doing himself no favours on windfall tax

Bernard Looney is not doing himself any favours.

Evening Standard

Evening Standard Comment: As Shell and BP make bumper profits, it could be time to consider a windfall tax

The timing is certainly awkward. Oil giant Shell has reported underlying profits of £7.2 billion in the first quarter of this year, up 43 per cent on the final three months of 2021, thanks to high oil and gas prices. It comes days after BP announced profits of more than…

Bristol Post

BP celebrates record profits - despite UK pensioner riding bus all day to stay warm

BP's underlying profits rose to $6.2 billion for the first quarter of this year

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