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The Latest Breaking News from British Petroleum

Tory plot to drop windfall tax in midst of cost-of-living crisis is branded obscene

Chancellor Jeremy Hunt has confirmed plans to revert the tax back to 40% from 75% in a move that has been criticised by campaigners

Daily Mirror

North Sea oil and gas industry offered ‘get-out’ clause on windfall tax

Jeremy Hunt hopes suspending energy profits levy if Brent crude falls below $71.40 a barrel will aid investment

The Guardian - UK

Uber service to give more Aussies electric car access

Uber is launching a green rideshare option in Australia in a move experts say will give some people access to their first ride in an EV

The New Daily

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Postbag

Pita's big mess

Bangkok Post

3 Foreign Oil Stocks to Buy for Value

Despite macroeconomic headwinds, strong global oil demand and constrained supply as Saudi signaled more output cuts could likely boost oil prices this year. Amid this, fundamentally strong foreign oil stocks BP (BP), Repsol (REPYY), and Ultrapar (UGP), currently trading at a discount, could be ideal investments. Keep reading….

StockNews.com

Ranking the baseball swings among the NFL players who recently took MLB batting practice

There's a clear winner here.

USA Today Sports Media Group

A victory over BP, but at what cost to culture?

Letter: Melanie Winterbotham reflects on the loss of public access to knowledge and art when museums close due to lack of funding

The Guardian - UK

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Edinburgh climate activists in city centre protest over pension investments

Around 20 protestors have been spotted with banners outside of the Edinburgh International Conference Centre as they demonstrate over a pension event that is being sponsored by BlackRock.

Edinburgh Live

Bungling criminals outmuscled in failed cash-in-transit Notts petrol station robbery

Senior inspectors described the plot as a 'planned and brazen attack'

Nottingham Post

‘Crunch’ vote on CBI’s future is unlikely to be the end of the story

Poll is as much about who doesn’t vote as who does, with BCC launch of rival business council potentially a significant move

The Guardian - UK

New business group launched to rival CBI ahead of crunch vote

The British Chambers of Commerce has managed to get the likes of BP, Heathrow and Drax onboard as founding members

Insider UK

Iraq’s oil boom blamed for worsening water crisis in drought-hit south

Pollution from gas flaring – the burning of natural gas associated with oil extraction – is also a major concern in the oil-rich but extremely dry south

British Museum ends BP sponsorship deal after 27 years

Campaigners hail split as a ‘massive victory’ , which marks a retreat of the fossil fuel giant from the British arts world

The Guardian - UK

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Tina Weymouth: “I know Bono used me to taunt Adam Clayton when U2 were starting out”

One of the bass world’s most influential female figures talks gender stereotypes and why her small stature was “almost like a dare to boys”

Insider UK

Oil and gas emissions predicted to rise for North Sea companies

Shell and BP responsible for around 36% of the total 725 million tonnes of CO2 set to be emitted between now and 2030

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Fortune

Elon Musk’s Tesla suffers huge hit in closely watched brand reputation poll

Tesla suffered the second largest drop in score and the worst overall drop in the table’s ranking.

Insider UK

Offshore workers to take part in sector’s biggest walkout so far

BP, Shell and Repsol are all being hit by the latest round of industrial action set for early June

The Guardian - UK

Big polluters’ share prices fall after climate lawsuits, study finds

Exclusive: Fossil fuel companies register drop in value after litigation or unfavourable judgments

Insider UK

600 Bilfinger workers reject new pay offer in offshore dispute

Dozens of offshore installations will be hit in June as latest strike dates are released

Fossil fuel firms owe climate reparations of $209bn a year, says study

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

Chicago Sun-Times

BP refinery hit with $40 million fine, agrees to spend $200 million on pollution control

Owner of Whiting, Indiana, operation settled with federal officials over allegations it released excessive amounts of harmful chemicals into the air.

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