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The Latest Breaking News from British Petroleum

BP boss could be in line for special bonus of up to £11.4m

Firm set for clash with investors over possible payout to Bernard Looney from three-year share award plan

The Guardian - UK

Renfrewshire MSP slams energy firms over skyrocketing profits

The Renfrewshire North and West MSP wants more to be done to combat soaring energy costs.

Daily Record

MLB’s New Pitch Clock Sends Hitters Into the Unknown

As pitchers work with a timer to prepare for the newly-introduced rule, the league’s batters will have to learn to deal with the change on the fly.

Sports Illustrated

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We won’t be distracted from green targets - ScottishPower boss

Operating profit increased by 7.4% to reach £785m, although the retail arm reported losses

Insider UK

New fuel tipped to be "key factor" in 2023 Super GT title battle

Manufacturers adapting their engines to carbon-neutral fuel could be the 'key factor' in this year's Super GT title race, believes reigning champion Bertrand Baguette.

Autosport

New biofuel deal for Supercars

Supercars will switch to a new biofuel blend as part of a new deal with supplier BP.

Motorsport

BP CEO Bernard Looney pushes beyond recent headlines to detail the company’s upcoming plans

The three main energy issues BP is trying to solve, Looney says, are lower carbon emissions, affordability, and security.

Fortune

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Moment brazen thieves raiding 'Britain's most looted shop' in front of staff

Shocking footage captured the moment two brazen masked thieves raided a petrol station locals call 'Britain's most looted shop'

Daily Mirror

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

The Guardian - UK

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

The Guardian - UK

Long-time team owner, manager and engineer Dave Price dies aged 75

Long-time team owner, manager and engineer Dave Price who worked with Nigel Mansell, Martin Brundle and Derek Bell among others over a career spanning six decades has died aged 75.

Autosport

'Brass neck': Oil lobby calls for windfall tax to be dropped as firms make billions

THE oil lobby has been accused of a “brass neck” after calling for the windfall tax to be scrapped just days after energy firms reported…

The National (Scotland)

Carl Starfelt credits Celtic success to Swedish mentor's influence after defying dad's advice and ditching US college for football

The Hoops star has formed a solid defensive partnership with Cameron Carter-Vickers since arriving from Rubin Kazan 18 months ago.

Daily Record

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inkl Originals

The Weekly Wrap for Saturday, 11 February 2023

Entire regions of Turkey and Syria lie in ruins after Monday's catastrophic earthquakes. As the death toll soars, the clear gap is opening in how the world responds to these beleagured nations.

Investors Business Daily

Stock Market Pulls Back As Treasury Yields Jump; Google Dives On AI Flop: Weekly Review

The stock retreated with the major indexes testing some key levels as Treasury yields rebounded. Google plunged as an AI event backfired.

Fortune

Fossil-fuel investments have sparked more than one important debate

An activist investor is urging rival Shell to split in two.

The Guardian - UK

First Thing: pressure mounts on UN to provide urgent support in Syria

Syrian rescue teams say earthquake has created conditions not seen at any point during 12 years of war. Plus, Russia ‘on offensive’

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Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Fortune

BP CEO Looney addresses climate-target rollback furor

"While I understand that people are skeptical, I would encourage people to look at the facts.”

The Guardian - US

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

The Guardian - AU

Fossil fuel companies won’t save us from climate change. We need governments to step up

The fallout when the industry fails to act is still smaller than the rewards for pumping out more pollution

The National (Scotland)

Activists target oil and gas giant's HQ after firm posts huge profits

Equinor's 2022 profits were a staggering £23.8bn ($28.7bn) compared to the £7.1bn ($8.6bn) they made in 2021.

The Conversation

Why energy companies are making so much profit despite UK windfall taxes

Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK.

Daily Mirror

Loose Women's Carol tells London Mayor Sadiq Khan to 'shut up' in vicious sweary rant

Loose Women's Carol McGiffin didn't hold back when she slammed London Mayor Sadiq Khan on Twitter when he complained about BP's 'unacceptable' tax break

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