Tag: BP

Secret Files reveal how UN Climate Advisers ‘greenwashed’ for BP

The PR firm advising the UN on climate change campaigns has been accused by US lawmakers of helping BP “greenwash” its fossil fuel investments, openDemocracy can reveal.

Exclusive: US Inquiry unearths pro-Gas PR Strategy produced by Firm “At Core of global Climate Effort”

Internal BP documents released to the US House of Representatives Oversight and Reform Committee and published last week show Brunswick created a strategy in 2017 or 2018 to help “reframe the conversation on gas”, “protect BP’s ‘advantaged gas position’” and “secure support for gas as a natural low carbon fuel”.

The news has sparked fresh concerns over Brunswick’s work for both Big Oil and the UN, which openDemocracy revealed this month.

Source: Secret Files reveal how UN Climate Advisers ‘greenwashed’ for BP

BP earnings triple on rising energy prices – Michael West

British energy giant BP’s earnings have tripled in the second quarter as the company profited from oil and natural gas prices that soared after Russia invaded Ukraine.

London-based BP said on Tuesday that underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $US8.45 billion ($A12.21 billion) from $US2.8 billion ($A4 billion) in the same period a year earlier.

The soaring earnings allowed BP to return billions of dollars to shareholders, with the company boosting its dividend by 10 per cent and announcing it would buy back $US3.5 billion ($A5.1 billion) in shares.

BP earnings triple on rising energy prices – Michael West