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...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...
...A separate letter from BP concurred with Shell’s position....
...Mandelson, a former Labour cabinet minister, is now co-owner of Global Counsel, an advisory firm that has served many big corporations including BP, Glencore, JPMorgan and TikTok, according to people familiar...
...House of Lords rules do not require Mandelson to disclose the clients of his advisory firm, which have included BP and Glencore....
...Alongside BP, it launched arbitration proceedings against the company in September. Venture Global has denied the allegations....
...BP is also said to be interested in natural gas opportunities in the area....
...BP and Adnoc declined to comment beyond NewMed’s statement....
...Chris Garrard, co-director of Culture Unstained, said: “We believe this decision is illegitimate and in breach of the museum’s own climate commitments and sector-wide codes and will be seeking legal advice...
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...“BP only started to get better when they fired [CEO] Tony Hayward,” Younger pointed out....
...Meanwhile, BP has finally announced a new permanent chief following Bernard Looney’s abrupt departure in September after failing to disclose past relationships with company colleagues....
...Last week Exxon revealed that its chief executive, Darren Woods, had received remuneration of $36.9mn last year, slightly more than Calhoun and almost four times as much as the heads of Shell and BP....
...UK private equity group Permira has named David Hirschmann and Ariadna Stefanescu as the unit’s co-heads of credit....
...head of BP’s gas and low-carbon business....
...Citigroup’s co-head of industrials Niraj Shah is leaving to join PJT Partners, Bloomberg reports....
...Finally, one other thing: The husband of a BP employee has been charged with insider trading by the US Securities and Exchange Commission after he allegedly made illegal share purchases having overheard...
...BP has pledged to cut operational emissions by 50 per cent by 2030 but that is compared with 2019 levels, rather than Shell’s 2016....
...News round-up Exxon chief earns four times as much as bosses at Shell and BP (FT) BlackRock loses appeal over UK tax on $13.5bn BGI deal (FT) More US regulators join Morgan Stanley wealth management probe...
...Yet both Microsoft and Alphabet were among the companies that co-signed a public letter warning that AI posed an extinction-level risk to humanity. So which is it?...
...In 2022 about 42mn tonnes of CO₂ were captured by carbon capture and storage infrastructure around the world, according to RFF....
...It is also waging campaigns against Glencore, BP and Bayer. BlackRock’s market capitalisation is $118bn....
...Natural gas emits less CO₂ than coal when burnt, but its main component, methane, is a more potent greenhouse gas than carbon dioxide, albeit shorter-lived....
...BP reports earnings on Tuesday and Shell on Thursday. BP has had a tumultuous few months following reports about chief executive Bernard Looney’s undisclosed past relationships with colleagues....
...BP plans to increase production to 100,000 barrels a day by 2030, but some smaller producers are struggling....
...Oil and gas producers account for a mere 1 per cent of total clean energy investment globally, and more than 60 per cent of that comes from just four companies: Equinor, TotalEnergies, Shell and BP....
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