BP
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Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn). Less than half that…
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BP’s hiking of fossil fuel production in the face of overwhelming evidence it will worsen the rapidly changing climate was done for one reason – to increase shareholder value. After the announcement, however, its share price was down 1% at points, making it one of the worst performers among the most valuable London Stock Exchange listed…
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A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should…
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An oil spill can be defined as the accidental release of liquid petroleum hydrocarbon into the surroundings or the environment due to human activity. Ii is a form of pollution that has devastating effects on the environment. The term oil spill is sometimes used to refer to marine oil spills where there is a release…
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