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ENERGY TRANSITIONS: Biden's climate plan is also a union plan

Published: Wednesday, March 17, 2021
President Biden. Photo credit: Adam Schultz/ZUMA Press/Newscom
President Biden has made it clear that he wants union workers to fill jobs created by his sweeping clean energy plan. Adam Schultz/ZUMA Press/Newscom
Part two of an ongoing series. Click here for part one.
President Biden s plan to spend trillions to build out clean energy and climate-ready infrastructure could be a singular opportunity for unions to make themselves newly relevant.
To find a president and a moment so perfectly paired, historians say, you have to look back almost 90 years.
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President Biden s push for clean energy comes with a caveat: The jobs should be union. How will a new industry come to terms with the labor movement? ....

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BP records massive £4.2BILLION annual loss

BP has suffered a mammoth annual loss of £4.2billion after demand for oil plummeted amid the coronavirus pandemic.
The oil giant s disappointing figures compare with profits of £7.3billion in 2019 and come despite a bounce-back in prices during the second half of the year.
BP s results for the final quarter of 2020 show it made underlying profits of £84million, having swung out of the red in the previous quarter, but the figures were worse than expected.
It said oil prices have risen since the end of October, helped by the rollout of the coronavirus vaccine worldwide, while it also expects demand to bounce back this year. ....

Saudi Arabia , United States , Bernard Looney , James Square , London To Hong Lifestyle International , Royal Dutch Shell , Middle East , Trans Alaska Pipeline System , North Atlantic , Finite Carbon , Hong Kong Based Lifestyle International , சவுதி அரேபியா , ஒன்றுபட்டது மாநிலங்களில் , பெர்னார்ட் லூனி , ஜேம்ஸ் சதுரம் , லண்டன் க்கு ஹாங் வாழ்க்கை சர்வதேச , அரச டச்சு ஷெல் , நடுத்தர கிழக்கு , டிரான்ஸ் அலாஸ்கா குழாய் அமைப்பு , வடக்கு அட்லாண்டிக் , வரையறுக்கப்பட்ட கார்பன் , ஹாங் காங் அடிப்படையிலானது வாழ்க்கை சர்வதேச ,

BP sells 20% stake in gas project as part of $25bn divestment plan

BP is selling a third of its stake in an Omani gas development to a subsidiary of Thailand s largest corporation that it said marks another significant step in its divestment strategy.
The group stated that it has agreed a $2.6billion (£1.9billion) offer for 20 per cent of the Block 61 site from PTT Exploration and Production and is hoping to complete the transaction later this year.
It still remains the largest stakeholder in the project though, holding a 40 per cent share, with another 30 per cent controlled by Oman s state-run energy firm OQ and the final 10 per cent owned by Malaysia s Petronas.
BP still retains a 40 per cent interest in the Block 61 project. Another 30 per cent is controlled by Oman s state-run energy firm OQ and the final 10 per cent is owned by Malaysia s Petronas ....

Saudi Arabia , United States , Bernard Looney , James Square , London To Hong Lifestyle International , Middle East , Trans Alaska Pipeline System , North Atlantic , Finite Carbon , Hong Kong Based Lifestyle International , சவுதி அரேபியா , ஒன்றுபட்டது மாநிலங்களில் , பெர்னார்ட் லூனி , ஜேம்ஸ் சதுரம் , லண்டன் க்கு ஹாங் வாழ்க்கை சர்வதேச , நடுத்தர கிழக்கு , டிரான்ஸ் அலாஸ்கா குழாய் அமைப்பு , வடக்கு அட்லாண்டிக் , வரையறுக்கப்பட்ட கார்பன் , ஹாங் காங் அடிப்படையிலானது வாழ்க்கை சர்வதேச ,

BP sells 20% stake in gas project as it comes one step closer to $20bn divestment programme by 2025

BP sells 20% stake in gas project as it comes one step closer to $25bn divestment programme by 2025
Harry Wise For This Is Money
© Provided by This Is Money
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BP is selling a third of its stake in an Omani gas development to a subsidiary of Thailand s largest corporation that it said marks another significant step in its divestment strategy.
The group stated that it has agreed a $2.6billion (£1.9billion) offer for 20 per cent of the Block 61 site from PTT Exploration and Production and is hoping to complete the transaction later this year.
It still remains the largest stakeholder in the project though, holding a 40 per cent share, with another 30 per cent controlled by Oman s state-run energy firm OQ and the final 10 per cent owned by Malaysia s Petronas. ....

Saudi Arabia , United States , Bernard Looney , James Square , London To Hong Lifestyle International , Middle East , Trans Alaska Pipeline System , Finite Carbon , Hong Kong Based Lifestyle International , சவுதி அரேபியா , ஒன்றுபட்டது மாநிலங்களில் , பெர்னார்ட் லூனி , ஜேம்ஸ் சதுரம் , லண்டன் க்கு ஹாங் வாழ்க்கை சர்வதேச , நடுத்தர கிழக்கு , டிரான்ஸ் அலாஸ்கா குழாய் அமைப்பு , வரையறுக்கப்பட்ட கார்பன் , ஹாங் காங் அடிப்படையிலானது வாழ்க்கை சர்வதேச ,

Biden's Oil-Leasing Review May Alter Royalties Set in 1920s

Biden’s Oil-Leasing Review May Alter Royalties Set in 1920s
Bloomberg
1/27/2021
Jennifer A. Dlouhy
© Bloomberg
A section of the Trans Alaska Pipeline System (TAPS) stands in Glennallen, Alaska, U.S., on Tuesday, Feb. 14, 2017.
(Bloomberg) President Joe Biden’s moratorium of oil and gas leasing buys time for a broad review of whether and how fossil fuels should be extracted from lands under the U.S. government’s control.
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The result could have a profound impact on an industry that employs hundreds of thousands of Americans by determining what access it will have on a 10th of the nation’s land and almost all of its coastal waters. ....

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