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...That project, called Forestal Apepu, repurposed land in Paraguay that was formerly used for soy, corn and beef production by planting trees, mostly eucalyptus, with up to 25 per cent left as “natural forest...
...Prompted by BP’s appointment today of interim boss Murray Auchincloss as its permanent chief executive to replace Bernard Looney, we’ve had a look at how recent gossip around the oil energy company failed...
...BP has appointed Aviva chief executive Amanda Blanc as its next senior independent director in the first major shake-up of the oil major’s board since the departure of CEO Bernard Looney....
...In practice, it means using fewer pesticides and synthetic fertilisers and planting cover crops — non-commercial species that protect and improve soil....
...These two companies are accused by more fastidious growers of planting vineyards designed for machines rather than skilled humans. Labour can cost $25,000 an acre a year at a top-notch vineyard....
...Together they win a pick-up game while throwing pies and playing pranks on competitors who are clearly unfamiliar with the logic of the Looney Tunes universe....
...BP has named Kate Thomson as interim chief financial officer, following last week’s management upheaval prompted by the sudden resignation of CEO Bernard Looney....
...The company later agreed to pay a record $50.6mn fine over violations at the Texas refinery....
...The stated need in 2023 to focus on today’s energy system of oil and gas was also true in 2020 when Looney decided instead to shrink the company’s fossil fuel footprint dramatically....
...It went on a spending spree, gobbling up all kinds of operations, and essentially planting flags in many, many countries....
...But it’s not just about planting flags in glitzy US neighbourhoods. Scouting for deals overseas has been propelled both by Japan’s shrinking population and domestic market....
...A version of this article was first published by Nikkei Asia. ©2023 Nikkei Inc. All rights reserved....
...Looney and others argue the crisis is cause to accelerate the transition to cleaner fuels....
...BP’s chief executive Bernard Looney has spoken of the value of holding one-to-one meetings with climate critics, but few of his peers have admitted following suit....
...A version of this article was first published by Nikkei Asia on July 15 ©2022 Nikkei Inc. All rights reserved....
...Short-form video bombardment has been particularly good for selling stuff the viewer didn’t previously think to want, a strategy known in China as “zhongcao” or planting grass....
...Increasingly, markets further afield have been feeling the effects of their work and planting their own ESG flag locally....
...The deal to withdraw from an area long targeted by environmental campaigners illustrates the fine line BP is trying to tread as chief executive Bernard Looney attempts to balance the company’s fossil fuel...
...That avoids the risks of natural carbon sequestration projects like tree planting, which are vulnerable to fire and decay....
...In his phrasing, they erred by focusing on building the greenhouse, not planting the seeds. “Forget about space,” he said. “Space will happen.”...
...They are generated by environmental projects such as tree-planting, with money from the sale of the credits used for funding....
...Such projects, sometimes known as “insets”, are preferred to carbon offsets — which consist of emission reduction or sequestration projects, such as tree planting, outside a company’s own value chain — because...
...For industrial companies, it means rethinking fuels, replacing machines and commodity choices....
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
...About 80 per cent of its funding comes from companies, the vast majority of which is for planting....
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