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The Latest Breaking News from British Petroleum

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.

inkl Originals

Fossil-fuel investments have sparked more than one important debate

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

Fortune

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’

The Guardian - UK

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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.

Los Angeles Times

BP CEO Looney addresses climate-target rollback furor

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

Fortune

‘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 - US

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 Guardian - AU

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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 National (Scotland)

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.

The Conversation

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

Daily Mirror

Britain’s biggest gas supplier accused of ‘profiteering’ from energy crisis

Climate campaigners hit out at Norwegian state-owned Equinor’s record £62bn profits as household bills rise

The Guardian - UK

Oil giant BP pocketing £23 billion in profits is disgusting

Record View says BP's figures are disgusting as Scots struggle with their energy bills.

Daily Record

'Rishi Sunak siding with oil and gas giants tells us all we need to know about Tories'

The case for a proper windfall tax on the corporate cash machine is overwhelming with BP's profits more than doubling, it tells us all we need to know about the Tories

Daily Mirror

Why the global climate activism community feels betrayed by BP

The first big oil company to 'walk the walk' on carbon emissions reduction is rolling back its goals, and green activists feel betrayed.

Fortune

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The Guardian - UK

If BP’s change of heart isn’t a U-turn, it’s certainly a major detour

Bernard Looney is ‘leaning in’ to his earlier pledge to cut hydrocarbons, but where will it end?

Daily Mirror

'Rishi Sunak is too weak to make fat cat oil firms pay their share'

In an article for the Mirror, Shadow Energy Secretary Ed Miliband said it is 'outrageous ' oil and gas giants are raking in enormous sums as BP reported its profits doubled to £23billion last year

The Independent UK

BP company directors earned enough in 2021 to pay 246 nurses salaries

Figures come as oil and gas giant posts record profits while millions face soaring energy bills

Daily Record

Scots face 'ludicrous' energy bills while BP rakes in 'obscene' £23billion profits

The UK Government is under pressure to impose a fresh windfall tax on energy giants who are earning record profits.

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Insider UK

BP profits reach £23 billion after spike in oil and gas prices

Oil and gas giant comes in for criticism as it lowers the ambition of its climate change pledges

Evening Standard

BP profits more than double amid energy cost crisis

BP has reignited the row over the vast scale of energy company money making since the start of the Ukraine war when it reported record profits of £23 billion last year.

The National (Scotland)

Oil giant BP 'laughing its way to the bank' as profits DOUBLE

PROFIT more than doubled at oil giant BP last year to hit record highs ...

The Guardian - UK

NatWest taking ‘pretty hard line’ on crypto; pound below $1.20; UK house prices ‘stable in January’ – as it happened

Dame Alison Rose, the head of NatWest, tells MPs her bank is preventing customers from investing in crypto assets, as part of a crackdown on fraud.

Evening Standard

FTSE 100 Live: BP profits surge to £23 billion, house prices stable

BP today racked up an annual profit of $27.6 billion (£23 billion), more than double the previous year’s haul after a surge in oil and gas prices.

The Guardian - UK

BP scales back climate goals as profits more than double to £23bn

Energy company faces calls for toughened windfall tax as it reaps rewards from high gas prices

The Independent UK

BP profits double to record £23bn after spike in oil and gas prices

Friends of the Earth says BP’s profits ‘will be yet more salt in the wound for millions of people who’ve struggled to afford to stay warm and well this winter’

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