BP Takes $18 Billion Writedown — What’s Up With That?
BP has taken an $18 billion dollar writedown on the value of its oil and gas reserves. Still feel like investing in oil companies?
BP (British Petroleum)
Renewables Provide 100% New US Electricity Capacity In April, Oil Companies Shedding Jobs, Investment Community…
The Federal Energy Regulatory Commission’s Energy Infrastructure Update for April is out, and it shows that all new electricity generation capacity in the US in April came from renewable sources. Despite the switch to clean power, many members of the boards of directors at the 20 largest banks have ties to high-emission industries.
BP Smacks Exxon Upside Head With New Green Hydrogen Scheme
Lightsource BP is looking to make a quick detour into the field of green hydrogen, which could rain all kinds of hurt on natural gas stakeholders.
Healing From The Deepwater Horizon Oil Spill A Decade Later
On April 20, 2010, Louisiana was one of many states affected by the Deepwater Horizon oil spill. It is still the largest marine oil spill in the world, with at least 4.9 million barrels of oil spilled into the Gulf.
Donald Trump Aims To Weaken Ocean Protections
We are approaching the 10th anniversary of the British Petroleum (BP) disaster, which killed 11 men, injured 17 others, and spilled more than 130 million gallons of oil in the Gulf of Mexico.
BP Withdraws From Three Fossil Fuel Industry Trade Groups
BP says it is ending its association with three oil trade groups over disagreements about climate change policies.
BP Wants To Slash Carbon Emissions, But Has No Plan For Doing That
Brian Looney, the new CEO of BP, says his company will slash emissions from operations by 2050. But there’s more. He also says it wants to cut emissions from the oil and gas it sells.
BP & Trump Weaken Environmental Laws That Protect Americans — Is This Not The Swampiest…
British Petroleum (BP), which is the same company that had the oil spill in the Gulf of Mexico just off the coast of Louisiana in 2010 that devastated much of our wetlands, has won a victory against laws protecting the environment.
Big Tech Has Entered The Oil Business
Big tech has entered the oil business. Well, not all of big tech, because we do have Tesla out there trying to decrease our dependence on fossil fuels. Companies like Microsoft, Amazon, and Google, however, are a bit different. They are talking the talk, but when it comes to the oil and gas industry, they are eager to work with companies to find easier ways to extract oil.
Funding Secured: Lightning Systems Raises $41 Million To Ramp Up Production
Loveland, Colorado-based commercial EV builder Lightning Systems just closed a $41 million round of financing comprised of equity, debt, and working capital line funding from a variety of investors. Lightning Systems plans to use the new funding to scale up production of its electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet Low Cab Forward 6500XD trucks, and Lightning Electric city buses.
