Hints and tips:
...Treasury guidance “will greatly dictate where the level of interest is and how much of that investment goes towards the US versus other parts of the of the global economy”, said Adam Peters, head of North America...
...The settlement does not specify from whose cut the 4 bps decrease in interchange fees will come....
...North America was the top destination for investment among all global executives, followed by Europe....
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...“The impetus for the increased fee waiver is clear,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Earlier this year the state of California sued several of the world’s biggest oil companies, including ExxonMobil, Shell and BP, claiming they had misled consumers by suppressing information about the adverse...
...For example, the $723mn VanEck BDC Income ETF charged 1,117 bps in total annual fund expenses last year, including 1,075 bps in acquired fund fees and expenses, he said....
...BP has been involved in previous high-profile accidents in the US....
...Unlike European rivals such as Shell and BP, however, it has avoided any shift into renewable energy....
...Looking under the bonnet of a fund tends to yield surprises: a sustainable fund might have oil companies that are considered “best-in-class”, such as BP, or tech stocks that appear to have nothing to do...
...Last month BP said it would spend $1.3bn to acquire TravelCenters of America, a chain of US highway fuel stations, to bolster its EV charging business....
...The White House announced further deals with other EV charging makers, including commitments from BP to invest $1bn in charging in the US by 2030, and a new partnership from Pilot Company, General Motors...
...Olczak says he borrowed the name for PMI’s “beyond nicotine” strategy from BP’s “beyond petroleum” tagline following a dinner with former BP chief executive John Browne....
...In 2022, these funds raked in a net $10.9bn in North America, up from what had been a record $4.1bn the previous year, according to data from FactSet....
...Hamm sees BP’s green shift as, well, misguided. He told the FT over lunch earlier this year that BP was going to “cut their throat” by getting out of oil and gas....
...Three takeaways from BP report BP’s closely watched energy outlook has dropped in the middle of a generational energy crisis....
...manager at energy group BP....
...Tell us what you think about this — and the civil war around ESG in America. As always, you can reach us at moralmoneyreply@ft.com....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...“Our entry into the global LNG market opens new opportunities to supply affordable, clean and reliable energy to the market,” said Brian Gilvary, the former BP executive who runs Ineos Energy....
...Houlihan Lokey has hired Adam Raucher, Deutsche Bank’s former head of capital solutions for the Americas, as a managing director in its capital markets group based in New York....
...In North America in 2021, more than 30 climate-related resolutions were filed for consideration at the annual general meeting by CA100+ signatories....
...Shell, BP, ExxonMobil, and others that spent years courting Vladimir Putin, Russia’s president, and his oligarchs avoided questions about their withdrawal from Russia....
...Some companies, such as oil majors BP and ExxonMobil, have said that they will exit their stakes in Russian ventures in response to the war....
...The $285m Bighorn Solar array, developed by Lightsource BP just outside Pueblo, the city that made much of the rail track that snakes across America’s west, will be one of the largest solar facilities east...
International Edition