Latest in Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - 3h -
BP expected to scrap renewables target in shift back to fossil fuels
Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this week. BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a ...The Guardian - 2d -
BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.The New York Times - 54m -
BP shuns renewables in return to oil and gas
The energy giant has announced its strategy after rivals also rowed back on green energy plans.BBC News - 2h -
BP’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.MarketWatch - 6h -
BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live
Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternatives. BP will abandon its green ambitions, including plans to cut its ...The Guardian - 7h -
BP to ramp up oil and gas output in major shift away from green goals
Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’. Business live – latest updates BP is dropping green goals, ramping up oil and gas production ...The Guardian - 4h -
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Chief says group was too optimistic over shift to renewablesFinancial Times - 2h -
Fossil fuel firm’s $300m trial against Greenpeace to begin: ‘Weaponizing the judicial system’
Experts warn victory for Energy Transfer, whose CEO is a Trump donor, could have a ‘chilling’ effect on free speech. A fossil fuel company’s $300m lawsuit against Greenpeace opens in rural North ...The Guardian - 6d -
Meta slashes staff stock awards as group embarks on AI spending drive
Most employees will receive about 10% less equity options this yearFinancial Times - 5d -
California cracks down on social media-fueled skincare obsession
A new California bill aims to ban the sale of over-the-counter skincare products with active ingredients like retinol and glycolic acid to minors, following a surge in young shoppers influenced by ...CBS News - 2d -
BP to abandon pledge to cut oil and gas output as chief fights for group’s survival
Auchincloss must convince activist investor Elliott Management he can turn around troubled oil majorFinancial Times - 1d -
Amazon bets savings from automation can help fuel AI spending boom
US tech giant expected to spend as much as $25bn on warehouse automation in broader efficiency driveFinancial Times - 12h -
Federal workers left confused as Musk doubles down on threat
Employees get conflicting advice over compliance with a Musk-backed order to list their last week's work or face termination.BBC News - 1d -
Starmer defends slashing aid budget to raise defence spending to 2.5% of GDP - UK politics live
Keir Starmer says now is the time to deepen European security, as he announces new defence budget by 2027. The rightwing historian Niall Ferguson is in the audience for Badenoch’s speech, ...The Guardian - 23h -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - 2d -
Musk doubles down on email from federal employees, Trump backs him up
President Trump commented in support of Elon Musk's initiative which led to an email sent by the Office of Personnel Management to federal employees asking for a list of accomplishments during ...CBS News - 1d -
DOGE boss Musk doubles down on federal worker threat: Submit what you did list or get fired
Elon Musk has been tasked by President Donald Trump with slashing federal government spending and the federal employee headcount, an effort known as DOGE.CNBC - 1d -
Lucid CEO steps down; EV maker plans to more than double production in 2025
Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.NBC News - 20h -
Lucid CEO steps down; EV maker plans to more than double production in 2025
Lucid said Marc Winterhoff, currently the company's chief operating officer, has taken over as interim CEO.CNBC - 5h -
Ange rubbishes 'hysteria,' points to Spurs 'reset'
Ange Postecoglou has poured scorn over the notion that Tottenham Hotspur could have been relegated this season, dismissing the subject as "hysteria."ESPN - 2d -
NOAA set to slash jobs 'imminently'
Mass firings are set to hit the National Oceanic and Atmospheric Administration (NOAA) “imminently,” a source with knowledge told The Hill. The person, who asked to speak anonymously due to fear of ...The Hill - 5d -
An anti-Trump strategy: Never wrestle with a pig
The anti-Trump strategy of the Democratic politicians and media has been ineffective, with Trump thriving on the attacks and the media's focus on his opponents.The Hill - 4d -
BP shows activists are often pushing at an open door
Clever boards can pre-empt attacks by behaving more like activists themselvesFinancial Times - 6h -
BP shareholders want it to make money, not climate policy
The oil and gas producer faces criticism for its shift away from green energy, but many support it.BBC News - 4h -
The 3 Best Essential Oil Diffusers (and One to Avoid)
Keep things smelling fresh with these handy home gadgets.Wired - 6d -
Oil prices end lower, erasing weekly gains
“A number of decisions are pending … that could drive the oil price in one direction or the other,” one analyst noted.MarketWatch - 4d -
Sanders: Democrats' strategy to combat Trump policies 'not good enough'
Senator Bernie Sanders believes that Democrats need to face a broken political system and address the needs of the working class.The Hill - 4d -
PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027
Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.CNBC - 1d -
GOP lawmakers sound alarm over Trump’s Ukraine strategy
Republican lawmakers are sounding the alarm over the Trump administration’s pointed refusal to blame Russia for starting the war in Ukraine, and they are highly skeptical about negotiating any ...The Hill - 6h -
Trump’s Rift With Europe Adds Fuel to a Rally in Defense Stocks
A flurry of trading has helped push the Pan-European Stoxx 600 index to a record high as investors expect Europe’s governments to increase military spending.The New York Times - Feb. 18 -
4 Key Policies to Lead American Renewal Through Entrepreneurship
It’s Entrepreneurship Week. Here’s how the U.S. can do better to support the innovators who strengthen local and regional economies.Inc. - 6d -
What we learned as Warriors' balanced attack fuels rout over Kings
A balanced offensive attack fueled the Golden State Warriors' 132-108 rout over the Sacramento Kings on Friday night at Golden 1 Center.Yahoo Sports - 4d -
Fate of Bibas Family Renews Fears for Israel-Gaza Cease-Fire
Hamas said it had returned the bodies of Shiri Bibas and her two sons. The Israeli military announced that the boys were murdered in Gaza and that Ms. Bibas’s body was that of someone else.The New York Times - 4d -
Global Right-Wing Leaders Revel in a Renewed Fight, Supercharged by Trump
Emissaries of far-right parties overseas, gathering this week at the Conservative Political Action Conference near Washington, described a resurgence spanning continents, buoyed by the U.S. president.The New York Times - 3d -
US says revenue from minerals deal will fuel Ukraine’s postwar growth
Kyiv remains sceptical of plan as Treasury secretary Scott Bessent denies it is ‘coercive’ in FT opinion articleFinancial Times - 3d -
Brookfield buys National Grid’s renewables business in US for $1.7bn
Asset manager upbeat on sector despite Donald Trump’s anti-green agendaFinancial Times - 2d -
'Eyes on the Prize III' arrives on HBO during a renewed 'assault on equality'
HBO's docuseries, inspired by Henry Hampton's seminal civil rights documentary, picks up where he left off, taking us through the Obama presidency and to the brink of the first Trump administration.Los Angeles Times - 1d -
Bad DOGE: Firing IRS workers will fuel tax cheating and cost billions
Cutting IRS jobs may sound appealing to some, but the long-term consequences could be disastrous.The Hill - 1d
