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BP, fossil fuel

EU says energy plan could cut 45 billion euros off fossil fuel import bill

Plans due to be published by the European Commission on Wednesday could shave 45 billion euros ($47.3 billion) off the EU's fossil fuel import bill this year, according to the EU executive's analysis.

Quartz on MSN · 22h

BP cuts renewable energy investments, boosts fossil fuel production

BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding for fossil fuel production to $10 billion per year.

CNBC on MSN · 1d

Oil major BP boosts annual fossil fuel spending to $10 billion in strategy reset

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.

Hosted on MSN · 1d

BP shifts course, boosting fossil fuel investments and cutting renewables

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.

GlobalData on MSN · 1d

BP to cut renewable energy targets and focus on fossil fuels

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

Grist on MSN3d

The fossil fuel industry is trying to keep buildings hooked on gas. Here’s how.

Drawing from an InfluenceMap database that tracks corporate engagement on climate policies, researchers found that fossil ...

E&E3h

North Dakota sues Interior over Biden fossil fuel development plan

North Dakota is urging a federal court to toss out a Biden-era plan to limit fossil fuel and mineral resources development on ...

Fossil-Fuel Companies Are Lobbying Trump to Save a Green-Fuel Program

Oil-and-gas companies are pushing the new administration to keep hydrogen tax credits, despite the president’s ambition to ...

Trump Administration Moves to Fast-Track Hundreds of Fossil Fuel Projects

The U.S. Army Corps of Engineers has cited President Trump’s claim of a national energy emergency to speed up permits for new ...

CBC.ca5d

New report decries fossil fuel industry influence in climate education

Inside Education is one of the groups highlighted in the report for accepting money from fossil fuel companies, though it says they don't influence content. Keary said similar examples exist in ...

E&E2d

Europe’s top fossil fuel lobbyist eyes Trump-style climate rule bonfire

Europe will have to show it’s loyal to American gas if it wants to avoid a trade war, François-Régis Mouton told POLITICO.

12d

Colombia Sets 1% Temporary Tax on Fossil Fuel Output

BOGOTA (Reuters) - Colombia will impose a 1% tax on the production of fossil fuels, including oil and coal, its two biggest ...

CalMatters on MSN5d

Walters: Should fossil fuel companies be forced to pay for Los Angeles wildfire losses?

“Containing these costs is critical to our recovery and to the future of our state. By forcing the fossil fuel companies ...

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