Oil giant tackles climate change using wind farm tech

Published

3 years ago

May 3, 2021

Oil giant, BP is preparing to bid for the rights to build wind farms off Scotland in a fight against climate change.

The CEO of BP says the oil giant was looking at bidding in the forthcoming Crown Estate Scotland auction to lease the seabed off Scotland for offshore wind projects.

ScotWind offers 17 areas spanning 8600 square kilometres of seabed.

Bids for the Scot-Wind process are yet to be finalised with a deadline of July 16 according to The Times.

This change comes as global players become more aware of climate change, committing to action in the wake of the recent Virtual Leaders’ Summit on Climate.

Up Next

The happiest place on Earth has now reopened

Don't Miss

Australia’s big four banks are bouncing back from COVID

Anthony Lucas

Click to comment

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.