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The Latest Breaking News from British Petroleum

Oil giant BP slammed for handing fatcat boss £10million pay and perks bonanza

BP CEO Bernard Looney's £10million pay and perks bonanza is a 'kick the teeth' for struggling Brits, a campaigner has said - the oil giant is among those to have benefitted from a surge in wholesale energy prices in the wake of Russia ’s invasion of Ukraine

Daily Mirror

BP North Sea installations to be hit by strikes until June, union says

Offshore workers are to hold a series of strikes that will hit BP North Sea installations starting this month and running until June, the Unite union announced on Friday.

Evening Standard

BP boss earns 172 times more than average employee as his pay doubles

Bernard Looney’s total pay packet increased from around £4.5m to about £10m

Wales Online

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BP CEO pay doubles to $12M as high energy costs surge profit

Total pay for BP’s CEO more than doubled to $12 million last year

The Independent UK

Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

The Guardian - UK

Shell’s van Beurden gets lucky. Harbour Energy doesn’t

Former CEO did handsomely on the back of high oil and gas prices while the windfall levy hits the small players harder

The Guardian - UK

‘Outrageous’ Shell bonus triggers call for higher windfall tax – but UK firms take hit from levy

‘The money being made out of Putin’s war should be helping struggling families’

The Independent UK

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Fossil fuels received £20bn more UK support than renewables since 2015

Exclusive: One-fifth of money given directly to fossil fuel industry was to support new extraction and mining

The Guardian - UK

Neoliberalism will get us all killed

What is safety under neoliberalism? From East Palestine, Ohio to Turkey, we get a devastating answer

Salon

John Kerry says U.S.-China climate talks have stalled

He tells Axios the talks have been hurt by tensions between the world's two largest greenhouse gas emitters.

Axios

Fury at BP oil boss's £10million bonus while Brits struggle with sky-high bills

BP chief executive Bernard Looney could be in line for a fat paypacket but the End Fuel Poverty Coalition slammed the 'champagne lifestyle for energy bosses' while struggling Brits suffer in 'cold, damp homes'

Daily Mirror

Mum fined £100 after being stuck in 25 min queue for carwash at garage forecourt

Natalie Carby queued for around 25 minutes for her turn at the £9 car wash in Rickmansworth, Watford before heading home but 12 days later the fine landed on her doormat

Daily Mirror

Oil and gas companies are seen as climate villains. Truth is, we'll need their expertise to make green hydrogen a reality

Think about oil and gas companies and climate change and chances are you’ll think dark thoughts. It’s true Exxon Mobil had remarkably detailed knowledge of global warming in the 1970s. Some seeded doubt by funding climate denier organisations and scientists and invented greenwashing. The current energy crisis has handed them…

The Conversation

Fossil fuel companies donated $700m to US universities over 10 years

Funding at 27 universities can shift not just research agendas, but also policy in the direction the industry prefers, report says

The Guardian - US

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Tribune News Service

Emitting greenhouse gases in Washington state? Here's who will need to pay up to pollute

SEATTLE — Blue and orange flames flicker and whir within five massive natural gas-fired boilers, visible only through hatches where coal used to be shoveled.

The Guardian - UK

Fresh doubts raised over future BP funding of British Museum

Museum says no talks took place between October 2021 and December 2022 and most recent deal has ended

The Guardian - UK

If UK wages are going down, why aren’t rent, food and energy prices coming down too?

Many British companies make their profits outside the UK or provide services so essential they know the government will step in to cover consumer bills, says economic geography professor Brett Christophers

Fortune

How the Ukraine war has changed business

There have been big effects on more than just supply chains and inflation.

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The Guardian - UK

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

Daily Record

Renfrewshire MSP slams energy firms over skyrocketing profits

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

Sports Illustrated

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.

Insider UK

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

Autosport

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.

Motorsport

New biofuel deal for Supercars

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

Fortune

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.

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