LONDON (Reuters) – BP (BP.L) will have to invest tens of billions of dollars over the next decades and may have to accept lower returns than it can get from oil if it is to meet its goal of becoming one of the largest innovative power generators in the world. …
Read More »
LONDON (Reuters) – BP (BP.L) agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $ 5 billion, leaving a sector widely seen as a key driver of growth in oil demand in the coming decades. FILE PHOTO: A BP logo at a service station in London, …
Read More »Photo: Bruce Bennett (Getty) It is the week of the Big Oil lawsuit. A day after Minnesota filed a innovative outfit, Washington, DC District Attorney General Karl Racine defendant ExxonMobil, Chevron, BP and Shell, alleging that the companies “systematically and intentionally misled consumers … about the central role their products …
Read More »