Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

BP increases fossil fuel spending, cuts renewable investments

BP to cut renewable investment, increase fossil fuel spending, aiming for $10 billion annual oil and gas investment by 2027.

Published

on

BP to cut renewable investment, increase fossil fuel spending, aiming for $10 billion annual oil and gas investment by 2027.

In Short

BP plans to raise its oil and gas investment to $10 billion annually through 2027 while cutting renewable energy spending to between $1.5 billion and $2 billion. The company is shifting focus to enhance financial performance, a move that surprises sustainability-focused investors.

British oil major BP announced plans to significantly increase its investment in oil and gas, raising the annual budget to $10 billion through 2027.

This move marks a strategic shift for the company, which also aims to lower its total annual capital expenditure to between $13 billion and $15 billion. BP is targeting $20 billion in asset divestments by the end of the same period.

Investment in renewable energy will be considerably reduced, likely falling to between $1.5 billion and $2 billion annually, far below previous projections of over $5 billion.

CEO Murray Auchincloss stated that the strategy is designed to drive growth and improve performance by reallocating capital to higher-returning areas.

BP is expected to provide more details about this strategic reset during its upcoming Capital Markets Update, which will include presentations from leadership.

Analysts view this event as crucial for BP, especially following interest from activist investor Elliot Management.

Continue Reading

News

Violence broke out in The Hague

Violence erupts in The Hague as police clash with anti-migration protesters, leading to arrests and injuries ahead of elections.

Published

on

Violence erupts in The Hague as police clash with anti-migration protesters, leading to arrests and injuries ahead of elections.


Violence broke out in The Hague as Dutch police deployed tear gas and water cannons to disperse thousands of anti migration demonstrators. The protest, organised by a right wing activist just weeks before a national election, turned chaotic with thirty people arrested and two officers injured.

Protesters waved Dutch flags and far right symbols while clashing with authorities, throwing rocks and bottles. A police car was set alight, a highway was blocked, and the headquarters of the centre left D66 party was vandalised, with its leader condemning the destruction as an attack on democracy.

Far right leader Geert Wilders, who currently leads in opinion polls, condemned the violence despite being invited to attend.

#Netherlands #Protests #Migration #TickerNews


Download the Ticker app

Continue Reading

News

Elon Musk was seen at State Farm Stadium

Elon Musk attended Charlie Kirk’s memorial, joining Trump and VIPs at a major political event in Arizona.

Published

on

Elon Musk attended Charlie Kirk’s memorial, joining Trump and VIPs at a major political event in Arizona.


Elon Musk was seen among tens of thousands of mourners at State Farm Stadium in Glendale, Arizona, where a memorial service was held for conservative activist Charlie Kirk. The stadium, filled with attendees wearing red, white, and blue, became the stage for one of the largest political memorials in recent history.

Musk joined a high-profile guest list that included President Donald Trump, Vice President JD Vance, Secretary of State Marco Rubio, and media figures such as Tucker Carlson. His presence underscored the mix of politics, culture, and celebrity that surrounded the event.

#ElonMusk #CharlieKirk #Arizona #TickerNews


Download the Ticker app

Continue Reading

News

Snipers rev up crowds at Charlie Kirk’s memorial service

Thousands gathered for Charlie Kirk’s memorial, blending remembrance with spectacle amid heavy security and Secret Service snipers.

Published

on

Thousands gathered for Charlie Kirk’s memorial, blending remembrance with spectacle amid heavy security and Secret Service snipers.


At Charlie Kirk’s memorial service in Phoenix, thousands of supporters gathered for an event that blended solemn remembrance with political spectacle. The security presence was immense, resembling the scale of a state funeral or even a major sporting event.

From the rooftops, Secret Service snipers became an unexpected part of the performance, drawing loud cheers from mourners below. Their presence highlighted the extraordinary security measures put in place for the controversial conservative activist.

#CharlieKirk #USPolitics #Memorial #TickerNews


Download the Ticker app

Continue Reading

Trending Now