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@bp
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Julien
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Despite splashy climate pledges, firms including BP and Saudi Aramco have plans to expand fossil fuel production, says analysis. https://www.theguardian.com/us-news/2024/mar/22/oil-companies-emissions-goals-report
World’s largest oil companies ‘way off track’ on emissions goals, report finds
Despite splashy climate pledges, firms including BP and Saudi Aramco have plans to expand fossil fuel production, says analysis
https://www.theguardian.com/us-news/2024/mar/22/oil-companies-emissions-goals-report
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Saustine Lusanzu
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The Guardian unveils staggering profits amassed by the world's largest oil companies since the invasion of Ukraine, highlighting the concerning trend of prioritizing profits over climate action and exacerbating environmental degradation and affecting people's lives. This warning highlights the urgent need to address the fossil fuel industry's contribution to greenhouse gas emissions, climate change, and geopolitical tensions. Let's demand accountability from oil companies, advocate for a rapid just transition to renewable energy sources, and push for policies that prioritize environmental sustainability and global cooperation. Read the article here: https://www.theguardian.com/business/2024/feb/19/worlds-largest-oil-companies-have-made-281bn-profit-since-invasion-of-ukraine?CMP=twt_a-environment_b-gdneco
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We must stand for sustainable development and respect of human rights, built on the values of environmental responsibility.
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We must #MoveTheMoney from the fossils to the green
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Priotizing profit over human welfare is unacceptable, and we must advocate for change to ensure a more just and equitable world for all.
Gorffly mokua
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BP (BP.L) has agreed to take full ownership of Lightsource BP, buying the remaining 50% stake in its solar power joint venture as part of the British oil giant's drive to build up its renewable energy capacity. Under the agreement, BP will acquire the remaining 50.03% stake in Lightsource BP from the company's founders, management, and staff at a base equity value of 254 million pounds ($322 million). https://www.reuters.com/business/energy/bp-buy-remaining-50-solar-jv-lightsource-bp-2023-11-30/
BP to buy remaining 50% in solar JV Lightsource BP
BP has agreed to take full ownership of Lightsource BP, buying the remaining 50% stake in its solar power joint venture as part of the British oil giant's drive to build up its renewable energy capacity.
https://www.reuters.com/business/energy/bp-buy-remaining-50-solar-jv-lightsource-bp-2023-11-30/
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BP taking full ownership of the renewable energy company speaks volumes of its enhanced commitment in seeking to transition from harmful fuels to cleaner safer ones
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BP investment in renewable energy is remedy to climate crisis
Jengaj John
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Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions. https://m.timesofindia.com/business/international-business/bp-urges-more-oil-gas-investment-while-speeding-energy-transition/articleshow/103086341.cms
BP urges more oil, gas investment while speeding energy transition - Times of India
International Business News: BP's CEO, Bernard Looney, has emphasized the need for continued investment in oil and gas production to prevent sharp price increases and support the
https://m.timesofindia.com/business/international-business/bp-urges-more-oil-gas-investment-while-speeding-energy-transition/articleshow/103086341.cms
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They are only concerned about increasing profit margins nothing more!
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34 w
😣😣😣 NO MORE OIL BP!!
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BP stop exploitation and drilling you are causing harm to the surroundings
Patrik Lobergh
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Shell, BP, Total Energies: Oil companies invested only a fraction of their money in renewable energies in 2022 Despite record profits, oil companies only invested a fraction in renewable energies in 2022 Despite the climate crisis, oil multinationals continue to invest heavily in fossil projects, as a new Greenpeace study shows. According to the environmental organization, the corporations are "steering the world deeper into the crisis". The environmental organization Greenpeace has accused the large European energy companies of slowing down progress in climate protection. A study commissioned by the environmental organization found that almost 93 percent of the investments made by the twelve oil and gas companies in 2022 went into fossil projects. Only around seven percent of the investments went into renewable energies. The Energy Comment study evaluated the annual reports of BP, Total Energies, Shell, Wintershall Dea and other corporations. "Oil multinationals like Shell and BP are largely to blame for today's climate crisis, and they are abusing their record profits to steer the world deeper into this crisis," said Lisa Göldner of Greenpeace. The results also showed that renewables “had a tiny share of the energy production of the twelve companies last year” at 0.3 percent. At the same time, according to Greenpeace, the companies were able to increase their profits by 75 percent. "These companies talk a lot about becoming climate-neutral by 2050, but not a single one of them has a plausible strategy for achieving this goal," said Göldner. Instead of relying on renewables or producing green hydrogen, the companies tried to "continue to make money with their dirty business". This slows down the energy transition and exacerbates the climate crisis. Shell, BP, Exxon: Oil multinationals are apparently cashing in on their climate targets. The British newspaper "Guardian" recently reported that oil multinationals have conceded their climate targets. The newspaper reported that BP had significantly revised its original target of reducing CO₂ emissions by 35 percent by 2030. Instead, only 20 to 30 percent minus should be achieved. ExxonMobil has stopped funding a prestigious project to produce low-carbon fuels from algae. Instead, CEO Darren Woods recently announced at a conference that he wants US shale oil fields to be produced within the next five years When asked, Shell said the strategy to become a zero-emission energy company by 2050 remains in place. It plans to invest between $10 billion and $15 billion between 2023 and 2025 to support further development of low-carbon energy solutions such as biofuels, hydrogen, e-mobility and carbon sequestration (CCS). However, it is assumed "that global energy demand will continue to rise and will be covered by various energy sources, including oil and gas," according to a Shell spokesman. BP said the study misrepresented the company's strategy and investments. The report's claim that 97 percent of investment goes into fossil fuels was wrong. In 2022, 30 percent of bp's investments -- nearly $5 billion -- went into non-fossil fuel businesses. These include the takeover of the large US biogas company Archaea. "Greenpeace's analysis appears to classify these investments as fossil fuel investments - that's just plain wrong," a spokeswoman said. Greenpeace called on the governments of Germany and other European countries to regulate the oil business more strictly and thus speed up the switch to renewable energies. https://www.spiegel.de/wirtschaft/soziales/shell-bp-total-energies-oelkonzerne-investierten-2022-nur-einen-bruchteil-ihres-geldes-in-erneuerbare-energien-a-5efbfb16-c272-4748-be06-381cfdc56198?xing_share=news#ref=rss
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Team, we are giving the other polluters 125-140 likes (ExxonMobil, Shell, Total Energies), but we need at least 50 likes to trigger an email complaint to British Petroleum!
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renewable energy should be supported fully
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Unfortunate
winnie nguru
36 w
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BP (BP.L) has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen. BP Ventures, the British energy giant's venture capital arm, was among several investors in a $12.5 million Series A financing in U.S.-based Advanced Ionics, the companies said on Tuesday. Other investors include Mitsubishi Heavy Industries (7011.T), Clean Energy Ventures and Gatemore Capital Management. https://www.reuters.com/business/energy/bp-backs-green-hydrogen-start-up-aiming-cut-fuels-costs-2023-08-15/
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36 w
Bp invests the most in fossil fuels.
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BP is doing a great job on matters climate
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@johnte_ndeto Not really. BP invests more than 99% in fossil Fuels that is causing the Climate crisis. They need to do so much more in this direction. But fine. This action is better than nothing.
Elizabeth Gathigia
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Bp has angered climate campaigners by reporting profits of £2bn for the second quarter of the year as the climate crisis trigger extreme heatwaves. This profit have fueled the anger of green groups towards fossil fuel campanies and accused them of prioritizing profit over the well being of families and the environment. https://getsnap.link/R86wuyuuEu5
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How very frustrating of BP
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I think BP clearly don't care about the climate
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This is very disappointing
Waigwa Monica
51 w
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51 w
Not only compensate but stop it's harmful operations to avoid more risks
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Compensation must be done, we need responsibility from BP
George Kariuki
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Some of the UK's biggest pension funds have voted against reappointing BP's chairman over a decision to weaken its climate plans, but the majority of shareholders backed Helge Lund. It comes after the energy giant cut back its target to reduce emissions by the end of the decade. As well as the dissenting votes there were also disruptions during the annual meeting from climate protestors. BP said it valued "constructive challenge and engagement". BP scales back climate targets as profits hit record BP sees biggest profit in 14 years as bills soar The original target to reduce emissions was agreed by shareholders in 2022 and included a promise to cut greenhouse gas emissions by 35% to 40% by the end of this decade. But in February, BP announced it was now aiming for a 20% to 30% cut so it could produce more oil and gas and extend the life of existing fossil fuel projects. BP chief executive Bernard Looney said this was in response to increased concerns about energy security following the invasion of Ukraine. The five pension funds told the BBC that their vote against the company's chairman, Helge Lund, was a protest against the company's actions. The pension funds have £440m invested in BP, which represents less than 1% of the company's total shares. But they manage the pensions of more than a third of the UK's workers so are an influential voice. Mr Lund received a majority of more than 90% for re-election during the annual meeting on Thursday. Katharina Lindmeier, senior responsible investment manager at Nest, the government-backed pension fund, told the BBC: "Not only were we disappointed to see the company going back on the targets, but we were also really surprised not to have had any consultation." The five pension funds - Nest, the Universities Pension Scheme, LGPS Central, Brunel Pension Partnership and Border to Coast - are concerned that the new targets put BP financially at risk because the company's fossil fuel projects are likely to lose value as the world moves towards net zero emissions. Nest also told the BBC that there were concerns over BP's actions on reducing gas flaring, after seeing the BBC documentary Under Poisoned Skies. https://www.bbc.com/news/science-environment-65385834 The BBC News investigation showed that BP was one of several major oil companies not declaring emissions from gas flaring at oil fields in Iraq, which produces cancer-linked pollutants.
BP faces rebel shareholders over new climate goals
The UK's major pension firms vote against BP's chair after the company cut its climate ambitions.
https://www.bbc.com/news/science-environment-65385834
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Dear George Kariuki Your climate warning has received over 50 agrees! We have reached out to Bp Plc by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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51 w
Totally disappointing
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They deserve it
Stewart Milne
52 w
BP fended off a shareholder revolt backed by the UK's largest pension funds BP's annual general meeting was peppered with protests over its decision to slow its climate goals https://qz.com/bp-general-meeting-interrupted-climate-protesters-1850381817?utm_source=email&utm_medium=Quartz_Daily_Brief_US&utm_content=1850385577 Within seconds of the start of BP’s annual general meeting (pdf) today (April 27), an angry, off-mic voice from the crowd began lobbing accusations at Helge Lund, BP’s chairman, as his face hardened into discomfort. Ben Matthews, BP’s company secretary, called for security to remove the protester, then again, and again in an increasingly curt, rising voice, nearly every five minutes during the first half hour of the meeting, as the crowd erupted in successive rounds of accusations. “Do you like wildfires?” one protester asked. “Do you like the natural world? Do you want to see it destroyed?” “What the f*** is wrong with you, you have no heart and no head,” yelled another. Snippets from other protesters included the phrases: “carbon footprint,” “chaos you have caused,” “people are dying,” and “now.” In between interruptions from the crowd, Lund asked shareholders to vote against a resolution filed by the activist group Follow This, to toughen emissions targets to align with Paris Agreement goals. A separate resolution, backed by five UK pension funds overseeing a total of £244 billion in assets, declared that they would vote against Lund’s reappointment as chairman over BP’s decision to weaken its climate goals. The five pension funds have a total of £440 million invested in BP, which represents less than 1% of the company’s total shares. During the Q&A portion following the raucous opening remarks, BP fielded often accusatory questions about greenwashing, how it invests its profits, and whether it was aligned with the Paris Agreement goals. A man dialed in from Iraq, telling BP about how his 21-year-old son died of leukemia as a result of pollution from BP oil fields in southern Iraq. On the other side, one man invited BP “to grow a pair” for what he perceived as the company conceding too much on climate change. BP responded that it believes in climate change and the findings of the Intergovernmental Panel on Climate Change (IPCC). In the end, BP’s shareholders voted overwhelmingly against the resolutions. In preliminary polls, over 90% voted to retain Lund as chairman, and 83% voted against the Follow This resolution, though a large proportion—280 million—withheld their vote. Commenting on the loss, Katharina Lindmeier, senior responsible investment manager at Nest, the UK’s largest workplace pension fund, said “BP’s decision to weaken its climate targets within a year of setting them, without consulting shareholders, really concerns us. We’re used to seeing companies strengthen climate targets, not water them down.” Lindmeier says the pension fund plans to continue to steer BP toward more sustainable polices. “We want BP to manage climate change risk and invest in the transition so it can remain a profitable business for our members over the coming decades,” she said. The tension between record profits and flagging climate ambitions set BP up for the contentious meeting In February, BP, which is headquartered in London, reported record profits of $28 billion for 2022. In response, it scaled down its climate ambitions, from a goal of 35-40% reduction of emissions from its consumer fossil fuel products, down to 20-30%. And it’s extracting more oil, including from a new offshore oil platform in the Gulf of Mexico. BP is aiming to produce two million barrels a day, a 25% reduction from 2019 levels, but less than the previous plan of a 40% cut. BP, like other oil majors, significantly hiked dividends, paying out about $4 billion in 2022. But the big payback wasn’t enough for some shareholders, who noted that BP’s decision to roll back its climate ambitions was not put to a vote, and exposed the company to longterm risks. Five of the UK’s multibillion-dollar pension funds declared their intention to vote against Lund’s reappointment, and three backed the resolution by Follow This. In a statement, Universities Superannuation Scheme (USS), a £91 billion pension fund, said, “We view the paring back of BP’s 2030 targets as a significant negative development, one that we would expect to have been put to an investor vote.” “We have determined that BP has set insufficient emission reduction targets, triggering a vote against the chair of the board in line with our climate voting policy,” said Colin Baines, stewardship manager at Border to Coast Pensions Partnership, noting that shareholders had voted just last year to support BP’s previous climate targets with an “overwhelming mandate.” Among those supporting BP against the shareholder revolt, were investor advisers ISS and Glass Lewis, who recommended that shareholders oppose the Follow This resolution, and the $1.4 trillion Norweigan sovereign wealth fund. The fund, which has a record of boardroom climate activism, voted against the resolution for BP to strengthen its climate targets. While Norway did not provide a reason for taking the stance during this meeting, it is in line with the country’s recent backpedaling on climate ambitions as it seeks to maximize profits from its North Sea oil reserves. A short history of climate-based shareholder revolts The current swell of climate shareholder revolts can be traced back to 2019, when The Children’s Investment fund (TCI), a London-based hedge fund, pushed Spain’s state-owned airport owner, Aena, to hold the world’s first vote on its climate transition plan. Since then, activist shareholder campaigns have been rising. The law firm Slaughter and May, logged hundreds of shareholder resolutions on environmental and social issues, and the number of such resolutions passing is rising. According to RBC Capital Markets, climate and emissions campaigns have gone up from 3% of total shareholder campaigns in 2018, to 8% in 2021. Large oil companies have had mixed success in fending off shareholder revolts. Today’s Follow This resolution proposing that BP strengthen climate targets was the fourth it had filed in five years, and none have passed. Engine No.1, a tiny activist hedge fund, had a shocking victory in 2021, when it succeeded in electing three pro-climate candidates to ExxonMobil’s board. On the same day, the Norwegian sovereign wealth fund backed a successful resolution that required Chevron to include the emissions from its consumer fossil fuel products in their climate reduction plans. The climate-oriented resolutions backed by the UK funds lost, but if BP’s annual general meeting today is any indication, 2023 is gearing up to be a contentious season for oil majors.
BP fended off a shareholder revolt backed by the UK's largest pension funds
BP's annual general meeting was peppered with protests over its decision to slow its climate goals
https://qz.com/bp-general-meeting-interrupted-climate-protesters-1850381817?utm_source=email&utm_medium=Quartz_Daily_Brief_US&utm_content=1850385577
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weakening the targets will slow down the needs to solve environmental crisis
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Stop BP now for a better future
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Do leaders of the world have another way to deal with BP.
mercy nduta
52 w
Some of the UK's biggest pension funds have voted against reappointing BP's chairman over a decision to weaken its climate plans. It comes after the energy giant cut back its target to reduce emissions by the end of the decade. As well as the dissenting votes there were also disruptions during the annual meeting from climate protestors demanding BP end its oil operations. BP said it valued "constructive challenge and engagement". BP scales back climate targets as profits hit record BP sees biggest profit in 14 years as bills soar The original target to reduce emissions was agreed by shareholders in 2022 and included a promise to cut greenhouse gas emissions by 35% to 40% by the end of this decade. But in February, BP announced it was now aiming for a 20% to 30% cut so it could produce more oil and gas and extend the life of existing fossil fuel projects. BP chief executive Bernard Looney said this was in response to increased concerns about energy security following the invasion of Ukraine. The five pension funds told the BBC that their vote against the company's chairman, Helge Lund, was a protest against the company's actions. The pension funds have £440m invested in BP, which represents less than 1% of the company's total shares. But they manage the pensions of more than a third of the UK's workers so are an influential voice. Katharina Lindmeier, senior responsible investment manager at Nest, the government-backed pension fund, told the BBC: "Not only were we disappointed to see the company going back on the targets, but we were also really surprised not to have had any consultation." The five pension funds - Nest, the Universities Pension Scheme, LGPS Central, Brunel Pension Partnership and Border to Coast - are concerned that the new targets put BP financially at risk because the company's fossil fuel projects are likely to lose value as the world moves towards net zero emissions. Nest also told the BBC that there were concerns over BP's actions on reducing gas flaring, after seeing the BBC documentary Under Poisoned Skies. The BBC News investigation showed that BP was one of several major oil companies not declaring emissions from gas flaring at oil fields in Iraq, which produces cancer-linked pollutants. Ali Hussein Julood, who documented his life in Rumaila, Iraq for the documentary, suspected his childhood leukaemia was due to the flaring. He passed away on 21 April after his cancer returned. Ali's father told the board of his son's passing during the AGM, and how despite their efforts, there was still black smoke and gas flaring outside his front door. Mr Looney gave his condolences at the meeting to Ali's family and said: "We are continuing to reduce flaring at Rumaila. We are making progress and it must continue to be made". BP in oil field where ‘cancer is rife’ What is gas flaring and why is it a problem? The pension funds told the BBC they only found out about the change in BP's climate targets via media reports. They then approached BP to ask for a vote on the new targets but BP refused, arguing it was not a material change to the strategy. Patrick O'Hara, director of responsible investment at LGPS Central, told the BBC: "If you change the strategy you should really enter into a dialogue with those that supported you." He said he thought BP's decision was driven by short-term profit considerations rather than the long term sustainability of the company. "Are these strategies science-based if you can flex them based on what the oil and gas price is? We are long-term investors and we expect the company to take a long-term view", he said. The company's profits more than doubled to $27.7bn (£23bn) in 2022, as energy prices soared after Russia invaded Ukraine. As well as protest voting, there were half a dozen green activists removed from BP's annual meeting of its board and shareholders on Thursday, as they demand the company "stop drilling" for fossil fuels. The Dutch environmental organisation Follow This also put forward a resolution - supported by the five pension funds - which calls for more aggressive targets on what are known as scope 3 emissions - emissions from the use of its products. BP recommended that shareholders not support this resolution calling it "unclear", "simplistic" and "disruptive". "We respectfully disagree with your description with what we are doing as a company. Our strategy is not changing, our destination is not changing," he said. ISS and Glass Lewis are the world's largest investor services and recommended to BP shareholders they advise to oppose the climate resolution. Courteney Keatinge, senior director for ESG research at Glass Lewis, said the company does not see BP's actions to reduce its climate targets as a financial risk because the world will continue to use oil and gas past 2050. "We are not operating under a net zero 2050 scenario, the demand is going to be there [in 2050], people will be flying planes and heating their homes", she said. The outcome of the votes will be announced shortly after the AGM. It is not known how many shareholders will dissent as many choose not to go public.
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52 w
This is disgrace to the climate, the project should be stopped
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BP must rethink it's decision, this activists should go on
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BP has to stop the oil drilling
Daniel Waweru
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https://www.bbc.com/news/science-environment-65385834 The energy business decreased its emissions goal by the end of the decade, forcing this decision.BP welcomed "constructive challenge and engagement" when five shareholder pension plans raised concerns about a "failure of governance" before Thursday's annual meeting.Shareholders targeted 35–40% greenhouse gas emission reduction by 2022. BP trimmed 20-30% in February to improve oil and gas production and fossil fuel programs. BP CEO Bernard Looney said this was to address energy security concerns raised by the Ukraine invasion.Five pension funds told the BBC they voted against Helge Lund to protest the company's behavior. BP's pension funds own 1%. They administer about 30% of UK pensions, making them influential.Public pension fund Nest's senior responsible investment manager Katharina Lindmeier told the BBC, "Not only were we disappointed to see the company going back on the targets, but we were also really surprised not to have had any consultation." The five pension funds—Nest, the Universities Pension Scheme, LGPS Central, Brunel Pension Partnership, and Border to Coast—oppose the additional criteria because BP's fossil fuel projects will lose value as the world progresses toward net zero emissions.After watching BBC's Under Poisoned Skies, Nest worried about BP's gas flaring mitigation efforts.BBC News reported that BP and other global oil companies failed not monitor gas flaring emissions at Iraqi oil sites. This releases carcinogens. The documentary featured Ali Hussein Julood's Rumaila, Iraq life. He thought flares caused infantile leukemia. Recurring sickness killed him on April 22.BP "was extremely concerned by the issues raised" in the show and is acting, according to the BBC.
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52 w
Quite a strong and bold move.
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That was so wise of BP.
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This is a bold move, hope this will result to a new dawn for BP in their climate action commitment.
Hilda Wangui
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Bp faces green rebellion at its annual shareholder meeting on Thursday as some of Britain's biggest pension funds prepare to demand the company toughen its plans to reduce its emissions by 2030 https://getsnap.link/hDLm3PRUdm
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Its a shame.
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What more weighty measures can be put to ensure compliance?
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Everyday there's a new warning to BP, they just don't care
Elizabeth Gathigia
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Thirteen years ago, a rig contracted by the oil and gas company BP to drill in the deep water of the gulf Mexico blew up spewing more than 200m gallons of oil and eleven workers died that day. A single disaster unites Samuel Castleberry, Floyd Ruffin and Terry Odom they helped clean up Bp's deep water horizon oil spill, joining forces with more than 33000 others they rushed towards the toxic oil to save the place they loved. Now they have active lawsuit against BP saying the company made them sick https://www.theguardian.com/environment/2023/apr/20/bp-oil-spill-deepwater-horizon-health-lawsuits
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Dear Elizabeth Gathigia Your climate warning has received over 50 agrees! We have reached out to Bp Plc by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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53 w
BP is responsible and should be held accountable
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The victims should be compensated by BP. These fossil fuel perpetrators should be made to pay through tooth and nail.
Tabitha Kimani
54 w
Harbour Energy, Britain's largest oil and gas producer, has reached an agreement with BP to develop a carbon capture and storage (CCS) project in the south of the North Sea. BP will acquire a 40 per cent “non-operated share” in the project, located in the depleted Viking gasfield, in the Humber region. Harbour will continue as operator of Viking CCS with a 60 per cent interest. The company said the UK has the potential to become a global leader in carbon capture and storage, a technology that removes carbon emissions from the atmosphere and stores them underground. The Viking CCS project could play a key role, with the potential to deliver one third of the UK’s target of 30 million tonnes of CO2 capture by 2030. Estimates suggest the delivery of Viking could unlock up to £7 billion of investment across the full CO2 capture, transport, and storage value chain over the next decade, creating more than 10,000 jobs during construction, and providing an estimated £4 billion of gross value add to Humber and surrounding areas. https://www.thenationalnews.com/world/uk-news/2023/04/11/uks-harbour-energy-and-bp-agree-to-develop-viking-carbon-capture-project/
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Amazing in deed
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This is a great innovation and technology.
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The great polluters should be forced to take care of the mess they have created.
Patrik Lobergh
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Put another way, BP has increased the forecast of how much oil and gas it will be producing in 2030 by 2m barrels a day. Profit is there to be had, and it says it would be ignoring its responsibility to its millions of shareholders not to grab it. https://www.theguardian.com/australia-news/commentisfree/2023/feb/09/fossil-fuel-companies-wont-save-us-from-climate-change-we-need-governments-to-step-up?CMP=Share_AndroidApp_Other
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although the world is still relying on oil and gas for some reasons, the company should consider cutting back it's output to reduce emissions
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61 w
BP keeps on ignoring warnings. Action needs to be taken
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It is time to reveal the names of the driving persons behind this. Large shareholders, members in the board etc? They don’t have any right to profit themselves on behalf of all people on this earth. Who is worse - them or Putin?
Gerald Kutney
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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
https://www.theguardian.com/business/2023/feb/07/bp-profits-windfall-tax-gas-prices-ukraine-war
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63 w
What is happening with these large contributors to climate change. None of them seems to take the climate restoration actions seriously in the year 2023.
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This is wrong.
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Dear Gerald Kutney Thank you for getting your climate warning to level 2! We have reached out to Bp Plc and asked for a response. I will keep you updated on any progress! /Adam We Don't Have Time
Terry Dundovic
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Dear Terry Dundovic Thank you for getting your climate warning to level 2! We have reached out to Bp Plc and asked for a response. I will keep you updated on any progress! /Adam We Don't Have Time
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63 w
These giant emitters are renegading on their pledges towards climate change. There should be a international criminal court.
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They have also scaled back their oil and gas production targets from 40% to 25% by 2030!! When will corrupt politicians stop subsidising the fossil fuel companies and put the money into renewables?
Sarah Chabane
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BP has presented its plans for 2023 and the oil, gas and energy giant will once again prioritise fossil fuels over renewables, despite presenting itself as a green energy company. The company has earmarked up to $7.5bn in oil and gas projects, compared with a range of $3bn to $5bn in “low-carbon” energy projects. BP also expects to increase spending on “resilient hydrocarbons” – oil and gas, refining and bioenergy projects – by up to $1bn in 2023 All of this, after a year of record profit for the company that has won from a rise in wholesale gas prices, fuelled by Russia’s invasion of Ukraine “It’s astounding that in the middle of a climate emergency, BP is planning to invest billions more dollars on planet-warming fossil fuels than on clean, green renewables,” said Mike Childs, the head of policy at Friends of the Earth. But were we expecting better from BP though? More info on BP greenwashing efforts 👇 https://cleantechnica.com/2023/01/09/more-bp-greenwashing-for-2023-less-tangible-progress-toward-clean-energy/ https://www.theguardian.com/business/2022/dec/27/bp-plan-spend-billions-fossil-fuels-green-energy-oil-gas-renewables
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66 w
Dear Sarah Chabane Thank you for getting your climate warning to level 2! We have reached out to Bp Plc and asked for a response. I will keep you updated on any progress! /Adam We Don't Have Time
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66 w
No more investing in fossil fuels! The future is renewables
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66 w
So sad to hear about this
Gerald Kutney
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BP has been accused of prioritising fossil fuels over green energy as it plans to spend as much as double the amount on oil and gas projects than on renewable investments next year. https://www.theguardian.com/business/2022/dec/27/bp-plan-spend-billions-fossil-fuels-green-energy-oil-gas-renewables
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69 w
I wonder if the bargain is really worth it at the expense of the planet
Johan Moore
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It is rare, but sometimes Oil companies are doing the right investments. This will actually decrease oil consumption when EV takes over from fossil fuel-powered cars. Bp Pulse, the global oil leader’s charging infrastructure unit, is teaming up with Hertz to build a network of EV fast chargers in high-demand locations such as airports. The project aims to accelerate EV adoption by providing charging solutions where they are most needed. In September, Hertz and Bp signed a memorandum of understanding (MOU) to develop a national EV charging network. The plans include using Bp Pulse, the oil giant’s EV charging division, to lead the rollout. https://electrek-co.cdn.ampproject.org/c/s/electrek.co/2022/10/28/bp-and-hertz-launching-ev-charging-network-near-airports/amp/
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77 w
God to see the partnership for EV charging solution.
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77 w
Rental and Carsharing of EV plus the needed charging will speed up the demise of the oil consumption cars.
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77 w
Dear Johan Moore Thank you for getting your climate love to level 2! We have reached out to Bp Plc and requested a response. I will keep you updated on any progress! /Muhammad We Don't Have Time
Sarah Chabane
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New investigation by Unearthed, reveals BP's (and others') dirty oil secret in Iraq. The company has been banking major profits from its operations in Iraq while not declaring “huge levels of emissions” from those fields. BP has failed to report massive flaring emissions from one of its projects in Iraq – equivalent to the annual emissions of over 970,000 petrol cars. BP jointly owns the Rumaila operating company but denies responsibility for its emissions. In impoverished Iraq, the vast majority of gas produced during oil production is flared, which exacerbates climate change. Unearthed identified that flaring emissions are totally unreported in the Rumaila and Zubair fields in Iraq, where BP and Eni hold stakes and make millions of dollars each year. Based on its ownership of the operating company, BP’s share of flaring for the Rumaila field was estimated to be equivalent to 4.52 million tonnes of CO2 in 2021 amounting to double the UK oil industry’s total flaring emissions for that year. “The oil giant is trying to appear ‘woke’ in the West while remaining dirty in the Global South – but this needs to be called out for what it is. It’s racism woven into corporate behaviour. Shareholders and voters must not stand for it a second longer". These operations have had a huge negative impact on the population living there and leaked information from the Iraqi health ministry blames pollution from the oil industry, as well as other sources, for a 20% rise in cancer in Basra between 2015 and 2018. A second leaked document, seen by the BBC, from the local government in Basra shows that cancer cases in the region are three times higher than figures published in the official nationwide cancer registry. https://projects.unearthed.greenpeace.org/big-oil-iraq/
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79 w
Dear Sarah Chabane Thank you for getting your climate warning to level 2! We have reached out to Bp Plc and asked for a response. I will keep you updated on any progress! /Muhammad We Don't Have Time
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81 w
Shame on @BP
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81 w
Dear Sarah Chabane Thank you for getting your climate warning to level 2! We have reached out to Bp Plc and asked for a response. I will keep you updated on any progress! /Adam We Don't Have Time
Gerald Kutney
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A lobbying firm whose clients include the oil giant BP provided “administrative support” to a committee of Conservative MPs conducting an inquiry into the energy crisis. https://www.theguardian.com/politics/2022/aug/21/oil-giants-lobbying-firm-provided-admin-support-to-mps-investigating-energy-crisis
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87 w
This should be condemned in the strongest terms!
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87 w
This is very bad! We need accountability
Gerald Kutney
88 w
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If these profiteering firms are failing to meet society’s needs, the government should take them back into public control https://www.theguardian.com/commentisfree/2022/aug/19/bp-energy-sector-incompetent-ofgem-freeze-price-cap-tax-profits
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Dear Gerald Kutney Your climate warning has received over 50 agrees! We have reached out to Bp Plc by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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76 w
Profits over people... 💔
Gerald Kutney
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Oil company spent £800,000 on social media influence ads after Labour proposed windfall tax https://www.theguardian.com/business/2022/aug/06/bp-social-media-influence-ads-labour-windfall-tax
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89 w
Dear Gerald Kutney Thank you for getting your climate warning to level 2! We have reached out to Bp Plc and asked for a response. I will keep you updated on any progress! /Marine We Don't Have Time
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89 w
Are we surprised? I'm certainly not. However the fact that they and others are bring called our for it more and more is good news. Their greenwashing doesn't wash!
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“The green investments they describe represent only a minor portion of the current energy production and investment behaviour,” said Gregory Trencher, who researches energy policy and sustainability transitions at Kyoto University. “In that sense the ads are misleading.”BP are presenting themselves as offering green solutions that are good for the UK, but these investments are dwarfed by how much money they’re funnelling into fossil fuels,” said Parr. “
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2 w
நாம் பாதிக்க சக்திகளை,தடுக்கமுடியாது!!
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4 w
We should use the armed forces to shut the fossil fuel companies, just like we did slavery.
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We should do whatever it takes to stop such kind of behaviour..if it means using force..then so be it.