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The Latest Breaking News from British Petroleum

Campaigners call for end to fossil fuel subsidy as windfall tax increases

THE UK Government’s move to increase the windfall tax on oil and gas companies "makes little difference" when it comes to…

The National (Scotland)

Shareholders reap record payouts from price surge during energy crisis

Energy companies collectively paid investors more than $400bn in third quarter, data shows

The Guardian - UK

Man taken to hospital as petrol station smash shuts Scots dual carriageway

Part of Dundee's Kingsway was closed following the crash at around 5pm.

Daily Record

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Why COP27 should be the last of these pointless corporate love-ins

It’s a glorious afternoon at a luxury resort in Egypt, with six swimming pools leading to a lovely little stretch of beach on the Red Sea. A salsa aquatic class in one of the pools has several enthusiastic participants. Elsewhere, guests are lounging on deck chairs sipping ice cold cocktails.…

The Conversation

Scottish engineer held in Iraqi prison facing extradition to Qatar released

Brian Glendinning, 43, was contracted to work for BP in Iraq when arrested over an alleged debt owed to the Qatari National Bank

The Guardian - UK

Commerce Commission controls on ‘fair’ fuel prices is unfair on climate targets

There are alternatives to price caps that won’t interfere with our climate goals – like a windfall tax on the petroleum industry, writes Prof Timothy Welch.

Newsroom.co.nz

Gas producers using Cop27 to rebrand gas as transitional fuel, experts warn

Companies and financial backers are laying the groundwork for a shift in attitudes towards gas

The Guardian - UK

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The lost Swansea high street, the vanished bay, and 'hardy people' who built a community

There's a fascinating and little known piece of history of Swansea's Eastside

Wales Online

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

The Independent UK

Perth city centre takeaway denied chance to extend late night catering licence

A Perth takeaway owner - refused to extend his catering licence - said visitors from Dundee, Edinburgh and Stirling expect takeaways to be open later

Daily Record

Rishi Sunak fails to commit to raising benefits in line with inflation despite SNP pressure

The Prime Minister was quizzed by SNP Westminster leader Ian Blackford on whether he would boost Universal Credit and state pensions at a time of soaring inflation.

Daily Record

Partially understood

Re: "PM heads to Laos for bridge opening", (BP, Oct 28), and "Prayut mulls more bridges with Laos", (BP, Oct 29).

Bangkok Post

Energy companies land huge profits as fuel prices skyrocket

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

Radio France Internationale

Calls for windfall tax hike after BP reveals 'eyewatering' profits of £900 per second

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

Daily Mirror

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The Guardian - UK

The case for an energy windfall tax is simple, the problem is the opt-outs

The allowances are either too generous or something has gone wrong in the design

Evening Standard

The Leader podcast: Blackouts, BP profits & tax increases

Plus, autumn budget rumours

Investors Business Daily

Oil Producer Stocks Exxon, Chevron Advance After Biden Calls For Tax On Profits

Exxon and Chevron edged up Tuesday after the president called on Congress to tax the oil industry.

Benzinga

Tesla Shifts China Factory Workers To US Plant, Complete European Approval For AstraZeneca's COVID-19 Shot, Tesla Eyes Cybertruck Commercialization Next Year: Top Stories Tuesday, Nov. 1

Bloomberg Tesla Migrates Shanghai Factory Workers To Boost US Plant Production

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news in one place.

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Evening Standard

Just Stop Oil protesters target Downing Street calling for stiffer windfall taxes after BP’s bumper profit

‘It’s time for a serious windfall tax on big oil’ said the activist group

Evening Standard

Just Stop Oil block Downing Street gates

Just Stop Oil protesters attempted to scale the gates of Downing Street on Tuesday morning - calling for stiffer windfall taxes for energy firms after BP announced a £7bn quarterly profit. At 11:15am, 22 environmental activists “swarmed towards the gates” of Downing Street, home to Prime Minister Rishi Sunak, with…

Financial Times

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

The Guardian - UK

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

Daily Record

BP profits 'utterly obscene' as energy giant earns £7.1 billion in just three months

Energy giants are raking in massive profits at a time many Scots are struggling to pay fuel bills.

The Independent UK

BP profits soar in 3Q as pressure increases for windfall tax

BP’s earnings have more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine

Insider UK

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

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