The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

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: 503.70
Bid: 503.60
Ask: 503.80
Change: 1.40 (0.28%)
Spread: 0.20 (0.04%)
Open: 504.00
High: 506.20
Low: 503.30
Prev. Close: 502.30
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U.S. House panel subpoenas Big Oil in climate deception probe

Tue, 02nd Nov 2021 21:20

By Timothy Gardner

WASHINGTON, Nov 2 (Reuters) - The head of a U.S. House panel
on Tuesday subpoenaed four major oil companies and two lobbying
groups for documents related to their actions on global warming
as part of a year-long probe into potential climate deception by
the energy industry.

Representative Carolyn Maloney, a Democrat and the
chairwoman of the House Committee on Oversight and Reform,
issued subpoenas to Exxon Mobil Corp, Chevron Corp
, BP America and Shell Oil, and to
industry body the American Petroleum Institute (API) and the
U.S. Chamber of Commerce.

The committee had asked the companies and organizations on
Sept. 16 for documents on issues including their role in
contributing to climate change, their marketing and lobbying
efforts, and any funding of third parties to spread
disinformation on climate.

"To date, none of the entities has substantially complied
with the Committee’s requests" Maloney said on Tuesday in a memo
https://oversight.house.gov/sites/democrats.oversight.house.gov/files/2021-11-2%20Fossil%20Fuel%20Subpoena%20Memo%20%28Final%29.pdf
to fellow members of the committee about the subpoenas https://oversight.house.gov/sites/democrats.oversight.house.gov/files/Final%20Fossil%20Fuel%20Subpoenas.pdf.

Maloney had announced last week at the end of a hearing on
Big Oil and climate disinformation that she would subpoena the
companies and organizations, saying much of what the committee
had received were publicly-available documents.

Maloney and other Democrats on the committee say oil
companies have reaped huge profits for decades while they misled
the public on climate change and prevented action to curb it.
The companies and organizations deny the assertions.

The panel has received some documents from former Exxon
lobbyist, Keith McCoy, who was secretly recorded by
environmental group Greenpeace, https://www.reuters.com/business/cop/big-oil-hearing-kick-off-us-probe-into-climate-disinformation-lawmaker-2021-10-27
saying the company's support of a carbon tax was a ruse, since
the company believed the idea would never become law.

Democrats are modeling the probe on the Big Tobacco hearings
of the 1990s which took place over many months and eventually
revealed that companies buried evidence that cigarettes are
addictive and harmful.

In response to the subpoena, Exxon spokesperson Casey Norton
said the company has now provided almost 130,000 pages of
documents "including internal emails".

Shell spokesperson Curtis Smith said Shell will continue to
cooperate with the committee.

J.P. Fielder, a BP America spokesperson said BP is reviewing
the subpoena and will continue working with the committee. BP
has provided more than 17,000 pages of documents including
internal materials.

Matt Letourneau, spokesperson for the U.S. Chamber of
Commerce said "we will review" the subpoena.

API spokesperson Bethany Aronhalt Williams said the group
will work with the committee.

Chevron did not immediately respond to a request for
comment.
(Reporting by Timothy Gardner
Editing by Marguerita Choy)

More News
9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

Read more
9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

Read more
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

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.