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...A separate letter from BP concurred with Shell’s position....
...House of Lords rules do not require Mandelson to disclose the clients of his advisory firm, which have included BP and Glencore....
...At Geneva-based rival Mercuria, global head of trading Magid Shenouda is retiring from the company as it prepares for the arrival of Macquarie’s former head of commodities, Nick O’Kane, who was one of the...
...The report came after oil companies including Shell and BP trimmed back their climate targets this year and hundreds of other companies, including Microsoft, Unilever and JBS, failed to set goals that were...
...These regulations add to growing global disclosure requirements around climate risks and impacts....
...If BP and its peers are to eliminate their massive contribution to global warming, good intentions and green epiphanies in their boardrooms might have a role to play....
...Global production of lower-carbon jet fuel is expected to double this year, according to S&P. Europe accounts for about 50 per cent of global SAF production....
...global trade....
...BP said Venture Global’s actions were “a wilful breach of our contract”....
...handles about 10 per cent of global trade....
...It accounted for about 4.5 per cent of global electricity production in 2022....
...But in a filing to Ferc made in early January after BP’s complaint, the LNG producer said the claims “are baseless and demonstrably false”, adding it was “calculated to try to discredit” Venture Global....
...BP’s top executive in the US is leaving the company just weeks after the resignation of the company’s global chief executive Bernard Looney....
...In today’s newsletter: Challenges for the big hedge fund launch of 2024 BP’s new boss faces Shell speculation New money pours into venture capital Jain Global pares back its fundraising ambitions Hedge...
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...Even before BP’s announcement, global energy suppliers and commercial shippers had been avoiding the narrow Bab el-Mendeb strait at the southern end of the Red Sea, where tankers sail within easy striking...
...(Eg, if real yields rise by 100 bps but break-evens fall by 80 bps, nominal yields will rise by 20 bps meaning that nominal bond prices will fall, but nominals will outperform TIPS.)...
...The decision by PFZW is the latest sign of investor worries over the failure of the oil groups to move faster to limit global warming....
...Global central banks are declaring victory over inflation. The US says the pace of inflation has peaked. Europe trimmed its inflation forecast....
...North America was the top destination for investment among all global executives, followed by Europe....
...While the International Energy Agency has said it expects global oil, gas and coal demand to all peak before the end of this decade, some of the world’s largest oil producers have pushed back and warned...
...BP’s top executive in the US is leaving the company, the oil giant told staff on Friday just weeks after the resignation of the company’s global chief executive Bernard Looney....
...Under more ambitious outlooks, meanwhile, such as BP and Shell’s net zero scenarios, there is a 70 per cent drop-off by 2050....
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