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The Latest Breaking News from British Petroleum

Sir Jim Ratcliffe: Who is the Ineos billionaire who wants to buy Manchester United?

BusinessLive has taken a look at who the Ineos billionaire is.

Birmingham Post

Fair Cop27? Where did Peter Dutton’s figure of $2tn for climate damage fund come from?

Meanwhile, BP’s CEO was in town spruiking the energy giant’s climate credentials, as its oil output increases from last year

The Guardian - AU

Where to find the cheapest petrol prices across Greater Manchester

Esso, BP and Texaco have some of the cheapest petrol and diesel prices in our region

Manchester Evening News

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BP declines to reveal how much ‘loophole’ saved it in windfall tax

MPs hear concerns that investment in North Sea oil and gas reduces the tax, effectively rewarding fossil fuels over renewables

The Guardian - UK

Freedoms don't mask rises in COVID-19 case numbers if you're vulnerable

It seems that most have been lulled into a false sense of security by the abrogation of government responsibility.

Newcastle Herald

Cheapest petrol stations in UK revealed - where you can save up to £4.40 per tank

According to the AA, fuel prices have dropped to an average of 163.70p a litre, but exactly how much you'll pay depends on the petrol station you're visiting - here’s a list of prices

Daily Mirror

Gas well methane leaks a 'huge' environmental and economic issue, BP's Bernard Looney says

The head of one of the world's biggest oil and gas producers has called for a clampdown on fugitive emissions on economic and environmental grounds, but says fossil fuels are crucial to the renewable energy transition.

ABC News

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Campaigners call for end to fossil fuel subsidy as windfall tax increases

THE UK Government’s move to increase the windfall tax on oil and gas companies "makes little difference" when it comes to…

The National (Scotland)

Shareholders reap record payouts from price surge during energy crisis

Energy companies collectively paid investors more than $400bn in third quarter, data shows

The Guardian - UK

Man taken to hospital as petrol station smash shuts Scots dual carriageway

Part of Dundee's Kingsway was closed following the crash at around 5pm.

Daily Record

Why COP27 should be the last of these pointless corporate love-ins

It’s a glorious afternoon at a luxury resort in Egypt, with six swimming pools leading to a lovely little stretch of beach on the Red Sea. A salsa aquatic class in one of the pools has several enthusiastic participants. Elsewhere, guests are lounging on deck chairs sipping ice cold cocktails.…

The Conversation

Scottish engineer held in Iraqi prison facing extradition to Qatar released

Brian Glendinning, 43, was contracted to work for BP in Iraq when arrested over an alleged debt owed to the Qatari National Bank

The Guardian - UK

Commerce Commission controls on ‘fair’ fuel prices is unfair on climate targets

There are alternatives to price caps that won’t interfere with our climate goals – like a windfall tax on the petroleum industry, writes Prof Timothy Welch.

Newsroom.co.nz

Gas producers using Cop27 to rebrand gas as transitional fuel, experts warn

Companies and financial backers are laying the groundwork for a shift in attitudes towards gas

The Guardian - UK

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Wales Online

The lost Swansea high street, the vanished bay, and 'hardy people' who built a community

There's a fascinating and little known piece of history of Swansea's Eastside

The Independent UK

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

Daily Record

Perth city centre takeaway denied chance to extend late night catering licence

A Perth takeaway owner - refused to extend his catering licence - said visitors from Dundee, Edinburgh and Stirling expect takeaways to be open later

Daily Record

Rishi Sunak fails to commit to raising benefits in line with inflation despite SNP pressure

The Prime Minister was quizzed by SNP Westminster leader Ian Blackford on whether he would boost Universal Credit and state pensions at a time of soaring inflation.

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Bangkok Post

Partially understood

Re: "PM heads to Laos for bridge opening", (BP, Oct 28), and "Prayut mulls more bridges with Laos", (BP, Oct 29).

Radio France Internationale

Energy companies land huge profits as fuel prices skyrocket

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

Daily Mirror

Calls for windfall tax hike after BP reveals 'eyewatering' profits of £900 per second

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

The Guardian - UK

The case for an energy windfall tax is simple, the problem is the opt-outs

The allowances are either too generous or something has gone wrong in the design

Evening Standard

The Leader podcast: Blackouts, BP profits & tax increases

Plus, autumn budget rumours

Benzinga

Tesla Shifts China Factory Workers To US Plant, Complete European Approval For AstraZeneca's COVID-19 Shot, Tesla Eyes Cybertruck Commercialization Next Year: Top Stories Tuesday, Nov. 1

Bloomberg Tesla Migrates Shanghai Factory Workers To Boost US Plant Production

Evening Standard

Just Stop Oil protesters target Downing Street calling for stiffer windfall taxes after BP’s bumper profit

‘It’s time for a serious windfall tax on big oil’ said the activist group

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