Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 460.65
Bid: 459.05
Ask: 459.15
Change: 0.65 (0.14%)
Spread: 0.10 (0.022%)
Open: 459.95
High: 462.15
Low: 457.50
Prev. Close: 460.00
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-Oil bosses to meet in latest climate change offensive

Wed, 07th Oct 2015 12:09

* Leaders of 8 oil majors to meet in Paris on Oct. 16

* To present proposals ahead of U.N. summit

* Total boss says looking at areas of cooperation such as inCCS (Recasts, updates throughout)

By Ron Bousso and Karolin Schaps

LONDON, Oct 7 (Reuters) - The leaders of eight of theworld's top oil companies will meet in Paris next week toexplain how they will help combat climate change, as part of anoffensive ahead of a U.N. summit later this year.

The Oct. 16 meeting will be followed by a press conference,where the company heads are also expected to renew their callfor a global carbon pricing mechanism, the chief executive ofFrench oil major Total, Patrick Pouyanne, said onWednesday at a conference in London.

Pouyanne said the company leaders would present proposals tocombat global warming ahead of the December Paris climate talks,where governments will set new goals for combating climatechange.

"We need to be on the offensive ... We need to be serious tobring answers and solutions to the table and not leave policymakers raising their fingers that they (oil companies) are thedevils," Pouyanne said at the Oil and Money conference.

"We are looking at areas of cooperation, for example inresearch and development, in CCS (carbon capture and storage)... We all have some experience individually but it's one areawhere we could join efforts," Pouyanne added.

The meeting will be part of the Oil and Gas ClimateInitiative, a U.N.-backed scheme involving a number of major oiland gas companies.

PRICING SYSTEM

Earlier this year BG Group, BP, Eni,Royal Dutch Shell, Statoil and Total wrote to U.N. climate chief Christiana Figueres, urginggovernments around the world to introduce a pricing system forcarbon emissions.

Pouyanne and other executives have called for replacing coalwith less polluting gas to reduce carbon emissions.

Setting a price for each tonne of carbon that emittersproduce is meant to encourage companies to adopt cleanertechnologies and shift away from fossil fuels, primarily coal.

In a joint statement, the companies acknowledged the currenttrend in greenhouse gas emissions was too high to meet theUnited Nation's target of limiting global warming by no morethan 2 degrees.

Responding to the letter, Figueres said oil companies neededto step up their own efforts to fight climatechange.

Exxon Mobil and Chevron, the two largestU.S. oil companies, did not take part in the letter. Exxon chiefRex Tillerson on Wednesday called for a revenue-neutral globalcarbon tax that would differ in each country.

"We believe the risks posed by climate change are serious.We also believe by taking sound and wise action now we canbetter mitigate those risks," Tillerson said at the conference.

"We have held the view that a revenue-neutral carbon tax isthe best option. The revenue-neutral carbon tax could be aworkable policy framework for countries around the world. Theycan tailor it to their own economic conditions." (Additional reporting by Dmitry Zhdannikov and Susanna Twidale;Editing by Pravin Char and David Holmes)

More News
8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

Read more
6 Jan 2024 12:29

BP investors want oil firm to approach BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant's next boss, Sky News reported on Saturday, citing unidentified sources.

Read more
6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

Read more
4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

Read more
4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

Read more
4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

Read more
4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
4 Jan 2024 08:58

LONDON MARKET OPEN: Next leads buoyant FTSE 100 amid services PMIs

(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

Read more
3 Jan 2024 18:37

Equinor, BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 17:02

Equinor and BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - Equinor and BP terminated on Wednesday their agreement to sell power to New York state from their 1,260-megawatt Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

Read more
3 Jan 2024 08:18

Chill Brands plots product launches and looks to ease regulatory worry

(Alliance News) - Chill Brands Group PLC on Wednesday said its vape products will soon launch in retail stores, including WH Smith PLC travel locations, and it reported a trio of initiatives to help soothe regulatory scrutiny.

Read more
2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

Read more
29 Dec 2023 13:01

LONDON MARKET CLOSE: UK equities outclassed by other markets in 2023

(Alliance News) - Stock prices in London closed mixed on Friday, the final trading day of 2023, as the annual returns from UK equities were outshone by international markets.

Read more
28 Dec 2023 16:54

LONDON MARKET CLOSE: End of year rally cools as FTSE 100 edges lower

(Alliance News) - Stock prices in London closed mixed on Thursday, the final full trading day of a mixed year, though the FTSE 100 is still on track to deliver a gain of more than 3% for 2023.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.