techkenyot.com
techkenyot.com February 18, 2019


BP Commits To More Transparency Over Climate Change

03 February 2019, 07:42 | Hattie Nash

BP to explain how business chimes with Paris climate deal

BP gas station sign

The company will also link the pay of 36,000 employees to its climate change efforts. If BP fails to set specific targets for dramatically reducing emissions resulting from the use of its products and does not bring its lobbying into line with its stated positions on climate change, this pledge is window dressing and shareholders should call foul.

Steve Waygood, chief responsible investment officer at Aviva Investors, said BP's support for the resolution was "a modest but important step towards a business strategy that is more fully aligned with the Paris Agreement".

They said on February 1 that while the resolution leaves it up to BP to "set out the process and methodology" for its disclosures, "investors will be keen to ensure they are sufficiently robust and reliable".

The UK oil and gas company supported a resolution, put forward by a group of shareholders including the investment arms of HSBC, Legal & General and the C of E, forcing it to be more transparent on climate change.

Twitter, Facebook Take Down Thousands of Foreign Disinformation Trolls
Facebook also found that around eight events were hosted, with the first scheduled for May 2014, and the most recent was May 2018. Twitter said the accounts had sent almost a million tweets of which at least 73,000 talked about the 2018 midterm elections.

"We believe our strategy is consistent with the Paris goals", Lund said in a statement.

He said that the reporting will "build on BP's history of progressive action in this area".

It said that the oil major will need to describe how its strategy is consistent with the climate change target that was set out in 2015.

BP Chair Helge Lund said: "BP is committed to helping solve the dual challenge of providing more energy with fewer emissions". The energy giant said the BP board has made a decision to support the proposed resolution, which will be put to shareholders at the company's annual general meeting in May 2019.

Neil Warnock Reduced To Tears After Emotional Game For Cardiff City
Two search vessels have narrowed the focus of the mission to four-square nautical miles 24 miles north of Guernsey. Last week, manager Neil Warnock admitted he had thought about quitting "24 hours a day, seven days a week" since.

Shell, for example, said a year ago that it would start linking executive pay to short-term carbon emissions targets in 2020 after coming under pressure from shareholders including the Church of England. "And to do that they have to adapt to a low-carbon economy".

To align with Paris, BP would have to diversify into clean energy production, shrink current investments in oil and gas development, or otherwise reduce its full range greenhouse gas emissions.

The Follow This proposal specified emission targets and metrics, based on the Paris accord, to be able to track the company's contribution to helping minimize climate change.

While BP agreed to increase its disclosure around climate, it also rejected another resolution tabled by climate activist group Follow This calling for emission reduction targets for all its operations, including emissions from products it sells to customers, known as Scope 3.

NFL Network Accidentally Runs Patriots Celebratory Super Bowl Ad
The American Gaming Association expects a $1.3 billion betting increase from last season's Eagles win over the Patriots . Whatever the reasons that Super Bowl losers so often underwhelm the next year, the Patriots have bucked the trend.

"BP needs to follow its announcement with concrete, bold action".



Other News

Trending Now

Italian economy enters technical recession
Experts have pointed at Italy's decline as one of the reasons why the wider eurozone experienced an economic slowdown a year ago . The Italian economy suffered a harsh recession in 2012-13 and has enjoyed only slow growth since then.

Unilever full year results reveal growth amid market volatility
Unilever has said it is stockpiling Magnum and Ben & Jerry's ice cream, in preparation for a no-deal Brexit . Underlying sales grew by 2.9% in 2018 from the year earlier and, excluding the spreads business , by 3.1%.

"Widespread flu" is circulating in North Dakota
VideoAuthorities are urging vaccinations after more than 6,000 Australians were diagnosed with the flu in December. A total of 185 flu-linked child deaths were reported last season, up from 110 the season before.

Barcelona vs. Valencia - Football Match Report
Lionel Messi rescued a point for Barcelona by bagging a brace and he did it in typically stunning, stunning fashion . The hosts were 2-0 down after 32 minutes after a counter-attack goal from Kevin Gameiro and Dani Parejo's spot-kick.

Huawei teases its 5G foldable smartphone ahead of MWC debut
With Huawei's MWC keynote set for Sunday, February 24th, there are just over three weeks until it officially shows off the phone. In what is likely a nod to the 5G capabilities of the Huawei handset, the promotional image mentions "connecting the future".

More rallies in Venezuela in support of Juan Guaido
Associated Press writer Scott Smith contributed reporting from Caracas, Venezuela . In a YouTube video, Yanez said: "The transition to democracy is imminent".

Australia v Sri Lanka: second Test, day three
He was released on Saturday night and given the all clear before Sri Lankan officials confirmed he could return to the crease. He was forced to retire hurt on 46 but Sri Lanka coach Chandika Hathurusingha later had good news about his condition.

Tom Hanks shares heartfelt goodbye as he finishes "Toy Story 4"
Pull my string, " Toy Story 4" is getting closer and closer to hitting theaters. Are you looking forward to seeing Toy Story 4? Let us know in the comments!

Sauber F1 team changes name to Alfa Romeo Racing
A late-season surge in results, plus changes on the technical side, has Alfa Romeo tipped as a potential midfield threat in 2019. The team withdrew from Formula 1 following the 1951 season, as they were unable to fund a vehicle for the 1952 season.

Peter Crouch set to join Burnley from Stoke
Stoke are also understood to be willing to listen to offers for former Barcelona forward Bojan. The Belgium global has scored five goals in 20 appearances in Ligue 1 this season.