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BP and Shell ‘Shaped’ UK Carbon Tax Proposals, Private Emails Show

DeSmogBlog

Fossil fuel giants BP and Shell were given “ample opportunity” to privately influence proposals for taxing oil and gas companies that were later backed by the government, new documents reveal. The report also proposed that several UK environmental regulations be phased out to reduce the “burden on business.”

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Lightsource bp invites small businesses to apply for new European solar PPA

PV Tech

Lightsource bp has launched a request for submissions for its latest multi-buyer corporate power purchase agreement in Europe.

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BP profits halve to $13.8bn but beat forecasts

The Guardian: Energy

Oil and gas company criticised by campaigners as it plans more share buybacks to return cash to investors Business live – latest coverage Profits at the energy company BP halved last year to nearly $14bn (£11bn), but were better than expected after weaker oil and gas market prices caused revenues to slump across the industry.

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bp invests €7.5 million in Service4Charger

Charged

As part of a €10-million Series A funding round, bp ventures has invested €7.5 bp operates around 1,500 fast charging points across the country and has signed an agreement with Service4Charger to add several thousand more over the next few years. Source: bp Completing the round with an investment of €2.5

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Lightsource BP Closes Big Texas Solar Deal Despite Coronavirus Chill

GreenTechMedia

Lightsource BP, a United Kingdom-based developer backed by oil major BP, said Thursday it had closed on a $250 million financing package for a 260-megawatt solar project in Texas. Lightsource BP is active in European markets like Italy and Spain, where coronavirus has shut down daily life. Backed by BP in a time of uncertainty.

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BP Signals Imminent Hydrogen and Offshore Wind Plays

GreenTechMedia

BP is readying offshore wind bids during the next six months with heightened hydrogen activity also in the pipeline, the oil major’s CEO said Tuesday. BP is targeting 20 GW of renewables by 2025 and 50 GW by 2030. Most of its early successes have come via its 50 percent stake in solar developer Lightsource BP.

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How BP Plans To Make Oil-Like Returns From Renewables

GreenTechMedia

The shift to low-carbon energy will transform oil companies, and BP wants to be at the vanguard of the industry in making those changes — having set a net-zero target for 2050 earlier this year. But there's one thing BP doesn't want to change: the returns it offers its investors. Credit: BP).