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The Latest Breaking News from British Petroleum

First Thing: Biden defiant despite gaffes as he battles calls to stand aside

US president introduced Volodymyr Zelenskiy as ‘President Putin’ at a Nato summit, but later showed command of thorny foreign policy issues. Plus, the subversive screen presence of Shelley Duvall

The Guardian - UK

BP-owned company is selling carbon credits on trees that aren’t in danger, analysis finds

Satellite analysis looked at credits sold by Finite Carbon, which runs some of North America’s largest offset projects

The Guardian - US

BP predicts global oil demand will peak in 2025, bringing to end rising emissions

Report says peak will bring to end to rising emissions as wind and solar capacity surges, but gas forecasts likely to cause concern

The Guardian - UK

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Modern Day Witch Hunt? Business Goes Bust After Being Accused Of Witchcraft

The owner of the Crystal Coven Mystic Cottage has been accused of promoting witchcraft as a religion and giving its town a bad reputation.

International Business Times UK

BP to take hit of nearly $3bn amid oil refining woes

Shares fall as energy company expects huge writedown on German plant

The Guardian - UK

Shell to take hit of up to $2bn on Rotterdam and Singapore sites

Oil firm’s warning comes after it had to halt work on Europe’s largest biofuel project and sell refinery in Asia

The Guardian - UK

3 Mid-Cap Energy Dividend Stocks to Scoop Up Now

Amid predictions of higher oil prices, here are three dividend-paying energy stocks that are worth adding to your portfolio.

Barchart

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Oil Companies Shell And BP Evacuate Staff Ahead Of Hurricane

Shell and BP evacuate non-essential staff along the Gulf of Mexico in preparation for Hurricane Beryl, pausing some drilling operations.

Top News

Over 200 ad campaigns from oil and gas firms shown on TfL network since Sadiq Khan set out 'zero carbon' goal

The data comes as the UN Secretary-General urges world leaders to ban adverts from fossil fuel companies

Evening Standard

BP has scaled back its green energy plans – don’t be surprised if it happens again

The oil major’s net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are booming

The Guardian - UK

BP imposes hiring freeze and halts new offshore wind projects

New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price

The Guardian - UK

Stanford disappoints critics of fossil fuel donations by hiring PR firm with big oil ties

University hires Brunswick Group amid anger from campus organizers at its sustainability school’s funding

The Guardian - US

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

The Conversation

BP managers told to disclose office romances from the last 3 years or face the sack

BP updated is rules months after sacking its CEO Bernard Looney for "not being fully transparent" about past relationships.

Fortune

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The Guardian - UK

BP staff risk sack if they fail to disclose intimate relationships with colleagues

New policy follows sacking of ex-CEO Bernard Looney with top managers given three months to report all relationships in past three years

The Guardian - UK

Former BP boss calls for end to new North Sea drilling licences

John Browne appears to back Labour energy policy as he underlines need for green transition

The Conversation

South Africa’s largest oil refinery sold for a few cents: will BP and Shell be held accountable for environmental damage?

The sale of the South African Petroleum Refinery (Sapref), jointly owned by multinational energy companies BP and Shell, to the state-owned Central Energy Fund for R1 (five US cents) raises questions about whether the company is evading its social and environmental liabilities.

The Guardian - UK

Tate director Maria Balshaw: ‘I still come into work feeling terrified’

The art gallery boss on the role of museums today, the politics of sponsorship and how Cornelia Parker influenced her decision-making

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The Conversation

Why the US oil majors may end up doing more for the green transition than their (slightly) more progressive European rivals

The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant’s climate targets. Shell had planned to cut its “net carbon intensity” by 20% by 2030 and 45% by 2035, but now…

AAP

Petrol giant pairs with Uber to fuel electric car move

The latest electric vehicle partnership may seem unexpected as Uber and BP team up to offer drivers discount pit stops.

StockNews.com

3 High-Yield Energy Stocks for Smart Investors

The energy sector is poised for robust growth driven by resilient global oil and natural gas demand, supply chain volatility amid geopolitical tensions and extended production cuts, and technological innovation. Hence, it could be wise to invest in high-yield energy stocks Chevron (CVX), TotalEnergies (TTE), and BP (BP) for steady…

Fortune

Climate activists lead Shell shareholder rebellion over decarbonization targets. Will it work?

The resolution, co-filed by climate activist investor Follow This, achieved 19% of the vote.

Louder

"I got my left ring finger shot off. So that was the end of my guitar career pretty much": The incomparable tales of Dr John

Late New Orleans legend Dr John on that time he drank a case of Blue Nun with Frankie Miller, and other stories

The Guardian - US

Top oil firms’ climate pledges failing on almost every metric, report finds

Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’

International Business Times

Iraq Father Begins Legal Action Against BP Over Son's Cancer Death

Hussein Julood is taking legal action against British energy giant BP after he lost his son to leukaemia, which he alleges was caused by gas flaring at Iraq's largest oil field.

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