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The Latest Breaking News from British Petroleum

Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The Guardian - UK

Wednesday briefing: What Kim Jong-un wants from his surprise meeting with Vladimir Putin

In today’s newsletter: The North Korean leader makes his first international trip in four years – but what’s at stake?

The Guardian - UK

BP boss Bernard Looney resigns over past relationships with colleagues

Irishman took role as chief executive of oil giant in February 2020 with pledge to make it carbon neutral by mid-century

The Independent UK

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BP boss Bernard Looney resigns after failing to reveal relationships with colleagues

Company says he only disclosed ‘a small number of historical relationships prior to becoming CEO’

The Guardian - UK

BP chief executive Bernard Looney resigns over past relationships with colleagues

The chief executive of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues

The Independent UK

Shock as BP boss quits over ‘relationships with colleagues’

According to BP’s annual report, Looney was paid £10 million last year

Evening Standard

Step Into September With 3 Strong Energy Buys

Forecasts by industry professionals indicate an upswing in oil prices due to increased demand and supply constraints. The rising price trends could significantly strengthen the energy sector in the near term. Therefore, entering September, fundamentally strong energy stocks BP p.l.c. (BP), Transportadora de Gas del Sur S.A. (TGS), and GeoPark…

StockNews.com

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Supercars extends biofuel to second, third tiers

The main game moved from an E85 blend to an E75 biofuel for this season, which contains more than 80 per cent second-generation fuel components.

Motorsport

Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach

Amid huge profits for oil majors, pressure builds on banks to cut ties.

Capital & Main

Cambridge engineer taps ex-Tory Treasurer to invest in Earzz home listening device

James Lupton, who attracted controversy for being given a peerage after he was found to have donated millions of pounds to the Conservative Party, controls a 13% stake in the business

Evening Standard

Brand aid: have Britain’s arts venues sold out to The Man?

Manchester’s Aviva Studios is the latest venue to give its naming rights to the highest bidder. Is corporate sponsorship a necessity for the survival of the arts?

The Guardian - UK

More than 100 MPs received freebies worth £180,000 this summer

Exclusive: Oliver Dowden and Keir Starmer among those who enjoyed free tickets to events including the Chelsea flower show and the Derby

The Guardian - UK

The top 100 bosses in the U.K. scored a pay hike of over $600k last year—the highest in six years

Among the highest paid CEOs were pharmaceutical giant AstraZeneca’s chief Pascal Soriot, with £15.3 million ($19.6 million), and defense company BAE Systems CEO Charles Woodburn, who earned £10.7 million ($13.7 million).

Fortune

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

The Guardian - UK

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The Guardian - UK

FTSE 100 bosses ‘given average pay rise of £500,000 in 2022’

CEOs received average increase of 16% while pay of many working for them failed to keep up with inflation

The Independent UK

Fat cat bosses enjoy £500m pay rise as CEO salaries soar during cost of living crisis

Britain now ‘land of grotesque extremes’, say unions as wage gap widens

The Guardian - UK

Plenty of questions await British Museum when it begins search for next director

Challenges facing institution include debate over Parthenon marbles, protests about BP links and a police investigation into missing items

Newcastle Herald

Mayfield apartment development plans herald boom time for Maitland Road

The Mayfield corridor is poised to mirror Brunker Road at Adamstown.

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news in one place.

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The National (Scotland)

Stephen Flynn defends taking VIP Wimbledon tickets from BP oil giant

STEPHEN Flynn has defended taking exclusive tickets to Wimbledon from the oil industry giant BP.

The Guardian - UK

Of course Greta Thunberg is right to call out greenwashing, but the reality can be messy

Her withdrawal from the Edinburgh book festival raises questions about how best to demand change, says Guardian columnist Charlotte Higgins

The Guardian - UK

Sunak government will go down in history as failing UK on climate, Greenpeace says

Exclusive: Greenpeace chiefs accuse ministers of pursuing culture wars as extreme weather becomes the norm

The Guardian - UK

‘You have adopted a bunker mentality’: Greenpeace letter to Rishi Sunak – in full

Open letter criticises government for stonewalling environmental group after protest at prime minister’s house

Barchart

Down 10% YTD, is Warren Buffett's Top Energy Stock Worth Buying?

Chevron is the largest holding among energy stocks in Warren Buffett's portfolio, and offers a healthy dividend yield. As oil prices rise, should you pick up shares of CVX now?

The Guardian - UK

British Museum urged to remove BP’s name from lecture theatre

Over 80 public figures tell museum’s director it would send a ‘powerful message’ on fossil fuel sponsorship

StockNews.com

4 Oil Stocks to Add to Your Portfolio in August

Industry experts predict a rising trend in oil prices because of robust oil demand and supply limitations. Given that the potential price tailwinds could bolster the energy industry in the foreseeable future, oil stocks BP p.l.c. (BP), YPF Sociedad Anónima (YPF), Koninklijke Vopak N.V. (VOPKY), and Transportadora de Gas del…

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