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The Latest Breaking News from British Petroleum

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

The Guardian - UK

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

The Guardian - UK

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Long-time team owner, manager and engineer Dave Price dies aged 75

Long-time team owner, manager and engineer Dave Price who worked with Nigel Mansell, Martin Brundle and Derek Bell among others over a career spanning six decades has died aged 75.

Autosport

'Brass neck': Oil lobby calls for windfall tax to be dropped as firms make billions

THE oil lobby has been accused of a “brass neck” after calling for the windfall tax to be scrapped just days after energy firms reported…

The National (Scotland)

Carl Starfelt credits Celtic success to Swedish mentor's influence after defying dad's advice and ditching US college for football

The Hoops star has formed a solid defensive partnership with Cameron Carter-Vickers since arriving from Rubin Kazan 18 months ago.

Daily Record

The Weekly Wrap for Saturday, 11 February 2023

Entire regions of Turkey and Syria lie in ruins after Monday's catastrophic earthquakes. As the death toll soars, the clear gap is opening in how the world responds to these beleagured nations.

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Stock Market Pulls Back As Treasury Yields Jump; Google Dives On AI Flop: Weekly Review

The stock retreated with the major indexes testing some key levels as Treasury yields rebounded. Google plunged as an AI event backfired.

Investors Business Daily

Fossil-fuel investments have sparked more than one important debate

An activist investor is urging rival Shell to split in two.

Fortune

First Thing: pressure mounts on UN to provide urgent support in Syria

Syrian rescue teams say earthquake has created conditions not seen at any point during 12 years of war. Plus, Russia ‘on offensive’

The Guardian - UK

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Los Angeles Times

BP CEO Looney addresses climate-target rollback furor

"While I understand that people are skeptical, I would encourage people to look at the facts.”

Fortune

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

The Guardian - US

Fossil fuel companies won’t save us from climate change. We need governments to step up

The fallout when the industry fails to act is still smaller than the rewards for pumping out more pollution

The Guardian - AU

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The National (Scotland)

Activists target oil and gas giant's HQ after firm posts huge profits

Equinor's 2022 profits were a staggering £23.8bn ($28.7bn) compared to the £7.1bn ($8.6bn) they made in 2021.

The Conversation

Why energy companies are making so much profit despite UK windfall taxes

Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK.

AFP

Energy majors look for mega profits to roll on

Paris (AFP) - The world's top oil and gas companies amassed record profits in 2022 after Russia's invasion of Ukraine drove prices higher -- with more high earnings, and anger, likely coming their way this year.

Daily Mirror

Loose Women's Carol tells London Mayor Sadiq Khan to 'shut up' in vicious sweary rant

Loose Women's Carol McGiffin didn't hold back when she slammed London Mayor Sadiq Khan on Twitter when he complained about BP's 'unacceptable' tax break

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The Guardian - UK

Britain’s biggest gas supplier accused of ‘profiteering’ from energy crisis

Climate campaigners hit out at Norwegian state-owned Equinor’s record £62bn profits as household bills rise

Daily Record

Oil giant BP pocketing £23 billion in profits is disgusting

Record View says BP's figures are disgusting as Scots struggle with their energy bills.

Daily Mirror

'Rishi Sunak siding with oil and gas giants tells us all we need to know about Tories'

The case for a proper windfall tax on the corporate cash machine is overwhelming with BP's profits more than doubling, it tells us all we need to know about the Tories

Fortune

Why the global climate activism community feels betrayed by BP

The first big oil company to 'walk the walk' on carbon emissions reduction is rolling back its goals, and green activists feel betrayed.

The Guardian - UK

If BP’s change of heart isn’t a U-turn, it’s certainly a major detour

Bernard Looney is ‘leaning in’ to his earlier pledge to cut hydrocarbons, but where will it end?

Daily Mirror

'Rishi Sunak is too weak to make fat cat oil firms pay their share'

In an article for the Mirror, Shadow Energy Secretary Ed Miliband said it is 'outrageous ' oil and gas giants are raking in enormous sums as BP reported its profits doubled to £23billion last year

The Independent UK

BP company directors earned enough in 2021 to pay 246 nurses salaries

Figures come as oil and gas giant posts record profits while millions face soaring energy bills

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