(BOE Report) – BP’s board is up for re-election at its annual general meeting on Thursday as the group faces activist shareholder Elliott Management and climate-focused investors who have called for a vote against Chair Helge Lund. BP, whose stock has been underperforming rivals such as Shell and Exxon, has come under increased pressure to boost its share price after U.S. hedge
US News The U.S. government will spend more than $500 billion on climate technology and clean energy over the next decade under three recently enacted laws, an analysis by non-profit RMI found. The tally is based on this month’s Inflation Reduction and CHIPS acts and last year’s Infrastructure Investment and Jobs Act. Together they fund climate-related research and pilot
Reuters WASHINGTON – President-elect Joe Biden has vowed an overhaul of U.S. energy and environment policy to fight climate change, with a goal of bringing the economy to net-zero emissions by 2050. While the plan has yet to be clearly defined, it includes things like ramping up clean energy technology and usage, reducing dependence on fossil fuels, federal procurement of
Source: Houston Chronicle When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to an extra perk from the $5.6 billion sale: a significantly lower carbon footprint. Cutting emissions is important for Dudley, partly because influential shareholders are forcing BP to align its spending with climate goals. But there’s a catch. Hilcorp Energy Co., the
A new name for carbon tax, for which prior initiatives have failed in Washington Supporters need to obtain 259,622 signatures by the submission deadline of July 6 to get the initiative on the November ballot From Daily Energy Insider Activists in Washington state are gathering signatures on a petition to ask voters to put a price on big carbon emissions.
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