Bloomberg L.P.

As Elliott Moves In, BP Investment Case Splits ESG Fund Market

As Elliott Investment Management pressures BP Plc to abandon its renewable-energy ambitions, ESG fund managers can’t agree on how to treat the UK oil giant. BP’s pledge to beef up investments in oil ...
Crude Oil Prices

BP’s Head of Sustainability Steps Down, No Successor Named

BP’s top sustainability executive, Giulia Chierchia, will leave the company on June 1. BP’s financial performance has deteriorated, with first-quarter 2025 profits nearly halved to $1.4 billion from ...
Opinion

Michigan attorney general’s antitrust suit against Big Oil is the sincerest form of flattery

Michigan Attorney General Dana Nessel has launched a copycat antitrust suit against BP, Shell, Chevron, and Exxon Mobil for engaging in a “conspiracy to delay the transition from fossil fuels to ...
IPE

Asset owners push BP on capital spending discipline

UK local authority pension funds urge oil giant to justify increased exploration and capex amid warnings its future projects ...
Bloomberg L.P.

Trump-Era Pressure Threatens to Undermine Europe’s ESG Agenda

Europe’s vision of a towering ESG framework that would become a gold standard for other jurisdictions across the globe has just come crashing down to earth. Against a backdrop of trade warnings from ...