Ministers will consult with North Sea businesses, trade unions, workers, green groups and communities over plans for the energy sector’s future.

Politics

Ministers will consult on a replacement regime

Politics

Consultation will explore mechanism that would replace controversial ‘windfall tax’ after 2030

Economics

Dozens of people, including women and children, are seen shivering as they lay or sat on metal grating hovering precariously above the waves raging mere feet below them.

Events

Companies will never solve the climate emergency alone. The impetus for change needs to come from government It would be very easy to be sharply critical of BP, given its sudden volte-face on its environmental commitments. Under pressure from a shareholder, Elliott Management, it has abandoned the green ambitions it announced in 2020 and pivoted squarely back to an overwhelming focus on oil and gas.While easy, it would arguably be unhelpful, and perhaps even misguided. Because viewed in the round, this isn’t really about BP: it’s about capitalism at large, and its inability to respond to the climate crisis in the manner we need.Brett Christophers is a professor in the Institute for Housing and Urban Research at Sweden’s Uppsala University and author of The Price is Wrong: Why Capitalism Won’t Save the PlanetDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters se...

Politics

Companies will never solve the climate emergency alone. The impetus for change needs to come from government It would be very easy to be sharply critical of BP, given its sudden volte-face on its environmental commitments. Under pressure from a shareholder, Elliott Management, it has abandoned the green ambitions it announced in 2020 and pivoted squarely back to an overwhelming focus on oil and gas.While easy, it would arguably be unhelpful, and perhaps even misguided. Because viewed in the round, this isn’t really about BP: it’s about capitalism at large, and its inability to respond to the climate crisis in the manner we need.Brett Christophers is a professor in the Institute for Housing and Urban Research at Sweden’s Uppsala University and author of The Price is Wrong: Why Capitalism Won’t Save the PlanetDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters se...

Politics

Climate Change Committee member says net zero is still achievable if more people switch to electric vehicles

Events

A reader approves of BP’s decision to ramp up its oil and gas production while cutting its investments in renewables

Politics

British Museum and Science Museum said BP’s decision to grow fossil fuel investment would not alter relationshipBusiness live – latest updatesTwo of Britain’s best-loved museums have been forced to defend their financial ties to BP after the company announced this week that it was abandoning its climate targets to focus on growing fossil fuel production.The British Museum and the Science Museum, which have sponsorship deals with BP, said the company’s decision to grow its investments in oil and gas by cutting back on green spending would not alter their relationship with it. Continue reading...

Events

Campaigners said the oil giant was committing a 'conscious act of climate vandalism' as it ditched targets to reduce fossil fuel production.

Economics

Chief executive says group was too optimistic over shift to renewables

Politics

Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’Business live – latest updatesBP is dropping green goals, ramping up oil and gas production and slashing spending on low-carbon energy as part of a fundamental reset of the troubled company.The FTSE 100 fossil fuel company has promised shareholders it will increase its target for oil and gas production by 2030 to the equivalent of about 2.4m barrels a day – about 60% higher than the figure in its net zero plan set out five years ago. Continue reading...

Politics

BP has faced a deluge of criticism from environmental activists after it announced plans to slash green energy spending and bump up its oil and gas production instead.

Economics

Firm will be selective about investing in low-carbon options, slashing more than $5bn from previous green planBusiness live – latest updatesBP is almost doubling its target for oil and gas production by the end of the decade and slashing its spending on low-carbon energy as part of a fundamental reset of the troubled company away from previous green goals.The FTSE 100 fossil fuel company has promised shareholders it will increase its planned oil and gas production by 2030 to the equivalent of about 2.4m barrels a day – almost twice the figure in its net zero plan set out five years ago. Continue reading...

Politics

BP is to ramp up its oil and gas production while cutting its investments in renewables.

Politics

BP previously committed to cut oil and gas production by 40 per cent by 2030

Economics

BP said it still hopes to become a net-zero firm but will only spend up to £1.6bn a year on projects aimed at the energy transition, representing a significant cut.

Economics

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production

Economics

Rethink comes five years after BP set ambitious targets to cut production of oil and gas by 40% by 2030

Events

Ash Trevino, 36, from Texas caused outrage after she appeared on Camilla Araujo's podcast to discuss her controversial parenting style.

Events