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Christmas may be looming but the news just keeps on coming! In this festive video special edition of Energy Voice Out Loud Ryan discusses CCS permits, Erikka tackles North Sea shenanigans and Mat chats about Bernard Looney's return to energy. The week saw the NSTA grant a UK first CCS permit that will allow the infastructure to be installed at the East Coast Cluster. This came about as the Northern Endurance Partnership made a final investment decision on the Tack 1 winning carbon storage development. Erikka had one hell of a morning rounding up Serica's acquisition of Parkmead assets, “serious misconduct”'s farm down of its Earlham and Orwell developments and Connaught selling out of UK gas field to Reabold. One thing's for certain, the UK North Sea is going to be a much different beast in 2025. Finally, Mat has been looking into former BP CEO Bernard Looney's return to energy as he was appointed to the board of board of ADNOC subsidiary XRG. Looney left BP amid scandal involving personal relationships with with colleagues and misleading the company's board but is set to make a return following his appointment to a tech firm earlier in the year.
Welcome to Career Coaching Xs and Os, the podcast that helps you navigate the challenges of working with extraordinary people. I'm your host, Mark Anthony Peterson, and today we will discuss how to the Top Ten Bad Bosses of 2023. ListedHere is the list I compiled:10. Eric Yuan, CEO of Zoom 9. Casey Bloys, CEO of HBOMax8. Bernard Looney, CEO of BP7. Bill Gates, former CEO of the Bill & Melinda Gates Foundation6. Mark Zuckerberg, CEO of Facebook5. Micahel Vale, Group President and Chief Business Officer for 3M4. Jeff Shell, CEO of CNBCUniversal 3. Vishal Garg, CEO of Better.com2. Greg Becker, CEO of Silicon Valley Bank1. Elon Musk, founder, chairman, CEO, and chief technology officer of SpaceX & owner, chairman and CTO of X CorpListen and learn why these bosses made the list.Want to improve your negotiation skills? Take the 100 Days of Rejection Therapy Challenge. The goal of the 100 Days of Rejection Therapy Challenge is to desensitize yourself to the pain of rejection and to overcome fear. Check out the website at https://www.rejectiontherapy.com/100-days-of-rejection-therapy. I took several challenges. Click the links to see if I got rejected during my negotiations:(1) Rejection 7: Speak Over Costco's Intercom - https://youtu.be/AycKKgP21fQ(2) Rejection 43: Hug a Walmart Greeter - https://youtu.be/GSjyly_C8pMSubscribe to Ceyero Consulting's YouTube Channel. Track my progress as I complete all 100 Challenges. https://www.youtube.com/channel/UC7lxMSEtBOAgNBOPrmA9O_wNeed help to develop a business pitch for your startup or small business? Check out my online course "How To Develop A Winning Business Pitch" https://ceyero-consulting-eschool.thinkific.com/courses/how-to-develop-a-winning-business-pitch. The course is only $139.00.Are you thinking of launching a business? Please check out my book, #Guerrillapreneur: Small Business Strategy for Davids Wanting to Defeat Goliath, available on Amazon, Barnes & Noble, and iTunes - shorturl.at/tvLM9If you like this episode, please subscribe to this podcast and leave us a comment. Please share this episode with your colleagues. Follow us on Twitter @ceyeroconsltg, Instagram, and Facebook @ceyeroconsulting. Please find us on the web at https://www.ceyero.com.If you like Career Coaching Xs and Os, then you might also like my other two business podcasts, #Guerrillapreneur: The Art of Waging Small Business Warfare (Mastermind Interviews with Entrepreneurs, Consultants, and Business Mavericks) and #Gigging: Everything and Sharing Economy (news and predictions about the Sharing Economy).
Fed-baas Jerome Powell geeft beleggers alvast een vroeg kerstcadeautje: volgend jaar kan de rente drie keer omlaag. Die boodschap zorgt voor blije beleggers en records op de beurzen. Daarmee komt er zo goed als zeker een eind aan alle renteverhogingen van de Amerikaanse centrale bank. En de rente gaat sneller dan Powell eerder voorspelde naar beneden. In deze aflevering hebben we het over zijn ommezwaai. Een paar weken geleden waarschuwde hij beleggers nog dat het te vroeg is om te speculeren over een renteverlaging. Moet je hem dan nu wel geloven? En wat is er veranderd in die paar weken? Ook bespreken we het rentebesluit van zijn Europese collega, Christine Lagarde. Zij kwam het feestje voor beleggers bederven. Waar we het ook over hebben: de overname van digitale broker Bux, door ABN Amro. De eerste overname die ABN doet sinds de nationalisatie in 2008. Wat de bank met een verlieslatende broker moet? Jonge klanten lokken voor een hypotheek. Tot slot: de hele week staan we stil bij dé aandelen van 2023. Met vandaag: Coinbase.See omnystudio.com/listener for privacy information.
Fed-baas Jerome Powell geeft beleggers alvast een vroeg kerstcadeautje: volgend jaar kan de rente drie keer omlaag. Die boodschap zorgt voor blije beleggers en records op de beurzen. Daarmee komt er zo goed als zeker een eind aan alle renteverhogingen van de Amerikaanse centrale bank. En de rente gaat sneller dan Powell eerder voorspelde naar beneden. In deze aflevering hebben we het over zijn ommezwaai. Een paar weken geleden waarschuwde hij beleggers nog dat het te vroeg is om te speculeren over een renteverlaging. Moet je hem dan nu wel geloven? En wat is er veranderd in die paar weken? Ook bespreken we het rentebesluit van zijn Europese collega, Christine Lagarde. Zij kwam het feestje voor beleggers bederven. Waar we het ook over hebben: de overname van digitale broker Bux, door ABN Amro. De eerste overname die ABN doet sinds de nationalisatie in 2008. Wat de bank met een verlieslatende broker moet? Jonge klanten lokken voor een hypotheek. Tot slot: de hele week staan we stil bij dé aandelen van 2023. Met vandaag: Coinbase.See omnystudio.com/listener for privacy information.
A big week before the Xmas break kicks in – and we begin with Bernard Looney's remuneration package. He's the third of four BP CEOs to resign in some form of scandal - can the supermajor break the curse? HSE questions are being asked around the North Sea workforce after our exclusive revealed over a third of workers are now over the max weight for the majority of lifeboats in the UK sector. Is the industry at the sharp end of a wider societal problem? And COP28 – a success or a COP-out? The team assess the final result of the summit in Dubai and look ahead to the next set of Conference(s) of Parties in years to come.
Ruim een halvering van de winst en fikse tegenvallers met groene projecten. BP heeft een slecht kwartaal achter de rug. Op hetzelfde moment slaan Amerikaanse concurrenten hun slag. Ze doen de ene na de andere miljardenovername en blijven volop investeren in fossiele energie. De Amerikanen profiteren daardoor wél van de gestegen olieprijs, die volgend jaar zelfs een record kan aantikken. In deze aflevering hebben we het over het verschil in aanpak. Want waarom blijft Amerika zo vasthouden aan het verleden en geloven we in Europa zo in die groene toekomst? Ook gaat het over een voorspelling van de Wereldbank. Die waarschuwt voor een gigantische stijging van de olieprijs, tot ruim 150 dollar per vat. Verder hoor je wanneer Heineken de grootste bierbrouwer ter wereld wordt, nu Ab InBev maar blijft verliezen. De biertjes van Leffe, Hoegaarden, Jupiler, Corona en Budweiser worden al kwartalen minder verkocht. Vooral in Amerika is de schade groot. Wat je ook voorbij hoort komen: DSM wordt beloond voor beroerde cijfers, Galapagos verkoopt z'n enige goedgekeurde medicijn, Stellantis verloor 3 miljard dollar door stakingen en Randstad blijft geloven in z'n vorige topman.See omnystudio.com/listener for privacy information.
Ruim een halvering van de winst en fikse tegenvallers met groene projecten. BP heeft een slecht kwartaal achter de rug. Op hetzelfde moment slaan Amerikaanse concurrenten hun slag. Ze doen de ene na de andere miljardenovername en blijven volop investeren in fossiele energie. De Amerikanen profiteren daardoor wél van de gestegen olieprijs, die volgend jaar zelfs een record kan aantikken. In deze aflevering hebben we het over het verschil in aanpak. Want waarom blijft Amerika zo vasthouden aan het verleden en geloven we in Europa zo in die groene toekomst? Ook gaat het over een voorspelling van de Wereldbank. Die waarschuwt voor een gigantische stijging van de olieprijs, tot ruim 150 dollar per vat. Verder hoor je wanneer Heineken de grootste bierbrouwer ter wereld wordt, nu Ab InBev maar blijft verliezen. De biertjes van Leffe, Hoegaarden, Jupiler, Corona en Budweiser worden al kwartalen minder verkocht. Vooral in Amerika is de schade groot. Wat je ook voorbij hoort komen: DSM wordt beloond voor beroerde cijfers, Galapagos verkoopt z'n enige goedgekeurde medicijn, Stellantis verloor 3 miljard dollar door stakingen en Randstad blijft geloven in z'n vorige topman.See omnystudio.com/listener for privacy information.
Journalist Aaron Rogan talks to Eamon about BP's CEO Bernard Looney who recently resigned and how his career unravelled. Aaron Rogan is a journalist and Deputy Editor at The Sunday Business Post and was Investigative Journalist of the Year in 2022.Recorded on Monday18th September 2023. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
In this episode, Abdul discussed the latest IPOs from Arm and Instacart, providing valuable insights for potential investors. He also discussed The European Central Bank's decision to raise interest rate and analyzed its potential impact on the global economy. He also examines the concerning trend of rising US inflation and its implications and lastly explores the consequences of Bernard Looney's resignation at BP. Tune in for a concise yet informative snapshot of key financial developments in this episode.
David Yelland and Simon Lewis discuss why parts of an ecosystem of powerful men right at the top of social media are supporting Russell Brand in the wake of the allegations of sexual assault against him. They assess the departure of BP's chief executive Bernard Looney and the implications for one of the UK's most iconic companies. And Simon draws on his experience at Buckingham Palace and Number 10 to shed light on Britain's 'golden triangle' and the relationship between the top of the civil service and the palace.Producer: Eve Streeter Editor: Sarah Teasdale Executive Producer: William Miller Researcher: Sophie Smith Music by Eclectic Sounds A Raconteur production for BBC Radio 4
Highlights of the Podcast 00:00 - Intro01:08 - Why are Saudi Arabia and Russia continuing with oil production cuts?07:05 - Western sanctions are failing. Surprise EU imports more Russian gas in China. 09:02 - Irate family called police on Jennifer Granholm's team for blocking charging station spot for her electric car10:58 - Top Climate Scientist Drops Bombshell: Wildfires Caused by WEF Arsonists, Not Global Warming15:19 - BP boss Bernard Looney resigns after failing to reveal relationships 18:31 - IEA September Oil Market Report – As featured on the ENB Daily Show‘Beginning of the end' of fossil fuel era approaching, says IEA21:54 - OutroFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –
What should lead the news? Three people pitch the story they think matters most to Tortoise editor James Harding.In this episode he's joined by former Bank of England chief economist Andy Haldane who offers his assessment of the UK economy. Cat Neilan and Jeevan Vasagar discuss Keir Starmer beginning to set out his stall in two Murdoch-owned papers and Bernard Looney's resignation from BP. What do you think should lead the news? Email your stories to newsmeeting@tortoisemedia.com.The producer was Rebecca Moore and the executive producer was Lewis Vickers. For the premium Tortoise listening experience, curated by our journalists, download the free Tortoise audio app. For early and ad-free access, subscribe to Tortoise+ on Apple Podcasts.If you'd like to further support slow journalism and help us build a different kind of newsroom, do consider donating to Tortoise at tortoisemedia.com/support-us. Your contributions allow us to investigate, campaign and explore, and to build a newsroom that is responsible and sustainable. Hosted on Acast. See acast.com/privacy for more information.
Rising energy costs pushed US inflation above forecasts in August, Bernard Looney's resignation from BP puts the oil company's green energy transition into doubt, and China is walking back a corruption crackdown in the country's healthcare sector. Mentioned in this podcast:US inflation rises in August as petrol prices jumpBP chief Bernard Looney resigns over past relationships with colleaguesBernard Looney's exit throws BP's strategy into doubtChina's corruption crackdown rips through healthcare sectorTell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Bernard Looney resigned after he failed to disclose past relationships with staff. In this Viewsroom podcast, Breakingviews columnists debate what that means for the oil giant's commitment to net zero, and whether BP's board did all it could have done. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
What impact is BP's CEO, Bernard Looney's departure likely to have on the company's business? Are Birkenstocks' plans to go public a sign that the IPO market is picking up? And what do the latest US inflation numbers mean for interest rates and the Fed? Michelle Martin and Ryan Huang unravel the details. See omnystudio.com/listener for privacy information.
From the BBC World Service: American interest in the top level of English soccer continues. Miami investment firm 777 Partners is in talks to buy Everton, based in the city of Liverpool. If the deal goes through half of the clubs in England's Premier League will have U.S.-based owners. Plus, Bernard Looney, chief executive of oil major BP, has resigned abruptly amid a review of his personal relationships with colleagues. And, why French regulators are worried about radiation levels from the iPhone 12.
From the BBC World Service: American interest in the top level of English soccer continues. Miami investment firm 777 Partners is in talks to buy Everton, based in the city of Liverpool. If the deal goes through half of the clubs in England's Premier League will have U.S.-based owners. Plus, Bernard Looney, chief executive of oil major BP, has resigned abruptly amid a review of his personal relationships with colleagues. And, why French regulators are worried about radiation levels from the iPhone 12.
BP's chief executive Bernard Looney is resigning and SoftBank's Arm is set to hit the public market on Thursday. Plus, we look at why Germany's economy is stalling and how its economic woes are hurting its neighbours. Mentioned in this podcast:BP chief Bernard Looney resigns over past relationships with colleaguesArm targets valuation of up to $52bn in IPOOlaf Scholz vows to cut bureaucracy as German economic woes mountPolish zloty's fall highlights tricky balancing act of central banksTell us how the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.
The head of BP Bernard Looney has suddenly resigned following allegations over personal relationships with colleagues. We find out what this means for the company going forward. It's Apple's new product launch day and it was overshadowed by their charging cable. We will be getting the latest news about the tech giant after the EU forced them to change their lightning charger ports. And dynamic pricing arrives in some British pubs - but will people accept paying more at busy times?
BP boss Bernard Looney resigns after failing to reveal the full extent of past relationships with colleagues, with the executive tasked with transforming the energy giant lasting less than four years in the role. The Nasdaq leads declines on Wall Street as Oracle shares steer tech stocks into the red, but focus now turns to today's inflation print with DoubleLine Capital's Jeffrey Gundlach forecasting a Fed cut next year. Arm will reportedly price its blockbuster IPO at the top of its range or just above, as the world's largest chipmaker TSMC confirms it will invest up to 100 million dollars in the listing. And The US IPO market really picks up the pace, as German footwear maker Birkenstock files to list in New York - the second major European company to seek an overseas listing this month.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Tom Lyons, The Currency discusses Bernard Looney resignation. The Irish CEO of UK oil and gas company BP, has resigned with immediate effect after accepting he was not "fully transparent" in his disclosures about past relationships with colleagues.
De Europese markt wordt overspoeld met spotgoedkope elektrische auto's uit China. Maar daar komt snel een einde aan. Brussel opent de aanval op 'zwaar gesubsidieerde' Chinese auto's. Wat betekent dat voor onze autobouwers? Kunnen Volkswagen en Peugeot nu hun prijzen omhoog gooien, en dus de marges vergroten? Apple kondigde gisteren de nieuwe iPhone 15 aan. Het nieuwe model heeft een betere camera, een snellere processor en een UBS C-poort. Maar de grootste vernieuwing zit 'm niet in de functies, maar in de prijs! De geruchten zijn bevestigd: Birkenstock gaat naar de Amerikaanse beurs. Wordt de beursgang net zo succesvol als de sandalen zelf? En is een waardering van 11,5 miljard euro niet wat veel voor een sandalenmaker? De topman van BP, Bernard Looney, vertrekt per direct. Looney heeft tijdens eerder onderzoek informatie achtergehouden over relaties met collega's. En het gaat over een bekende onbekende. Iedereen heeft wél iets van het bedrijf in huis. Maar beleggers durven er hun vingers niet aan te branden. Waarom dat onterecht is, hoor je in deze aflevering. Tot slot krijg je een vooruitblik op de beursdag van morgen. See omnystudio.com/listener for privacy information.
Irish businessman Bernard Looney has resigned from his role as Chief Executive of BP following allegations relating to past relationships with colleagues.Ian Guider joined The Last Word to discuss.Catch the full chat by pressing the 'Play' button on this page.
De Europese markt wordt overspoeld met spotgoedkope elektrische auto's uit China. Maar daar komt snel een einde aan. Brussel opent de aanval op 'zwaar gesubsidieerde' Chinese auto's. Wat betekent dat voor onze autobouwers? Kunnen Volkswagen en Peugeot nu hun prijzen omhoog gooien, en dus de marges vergroten? Apple kondigde gisteren de nieuwe iPhone 15 aan. Het nieuwe model heeft een betere camera, een snellere processor en een UBS C-poort. Maar de grootste vernieuwing zit 'm niet in de functies, maar in de prijs! De geruchten zijn bevestigd: Birkenstock gaat naar de Amerikaanse beurs. Wordt de beursgang net zo succesvol als de sandalen zelf? En is een waardering van 11,5 miljard euro niet wat veel voor een sandalenmaker? De topman van BP, Bernard Looney, vertrekt per direct. Looney heeft tijdens eerder onderzoek informatie achtergehouden over relaties met collega's. En het gaat over een bekende onbekende. Iedereen heeft wél iets van het bedrijf in huis. Maar beleggers durven er hun vingers niet aan te branden. Waarom dat onterecht is, hoor je in deze aflevering. Tot slot krijg je een vooruitblik op de beursdag van morgen. See omnystudio.com/listener for privacy information.
Following the shock resignation of BP chief executive Bernard Looney, Ian King speaks with the firm's former head of strategy, Nick Butler to find out what it will mean for the business.The UK economy shrank by 0.5% in July according to official figures. Ian discusses the reasons why with the head of Saxo UK, Charlie White Thomson.He also speaks with the founder of Go Pro about their latest product launch.
The head of BP Bernard Looney has suddenly resigned following allegations over personal relationships with colleagues. We find out what this means for the company going forward. What happens when the NFL's Most Valuable Player gets injured right at the start of the season. Well it happened to the Jet's very own Aaron Rodgers we take a look at what this means for his club and the future of the games going forward. And Pickleball is the rage in America this summer. It's a form of paddle tennis and is taking over space in American cities and taking up increasingly large parts of personal and corporate budgets. We'll hear just how fast the sport is growing.
Daily Standup Top Stories Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in ViewMarch 5, 2023 Allen SantosAs Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its pre-pandemic peak. But recently, Looney has […]Chevron boosts annual share buyback, hikes US spendingMarch 5, 2023 Allen SantosHOUSTON (Reuters) – Oil major Chevron Corp on Tuesday raised its share buyback program and reaffirmed its production guidance of more than 3% annual growth by 2027, while increasing spending in the United States. Chevron increased […]Opinion: BP's Beyond Petroleum rolls back climate ambitions, sends …March 5, 2023 Allen SantosBP, the former British Petroleum, desperately wants to be a good environmental citizen – but not just yet. Last month, the company rolled back its climate ambitions. Shareholders who love oil-soaked profits sent BP BP-N shares soaring. Shell SHEL-N, […]Russia set to Mothball Damaged Nord Stream Gas PipelinesMarch 4, 2023 Allen Santos Nord Stream pipelines ruptured by blasts in September Sources say both lines will be conserved to prevent degradation Investigation into blasts continuing Russian gas exports outside ex-USSR almost halved last year This content was […]Subsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind – Will this impact more Whale deaths?March 3, 2023 Allen SantosENB Note: Will Whales be impacted? Home Offshore wind Subsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind Subsea7, Siem Offshore, and Kongsberg Maritime have signed a Memorandum of Understanding to jointly look […]Power Shortages Coming Soon To America – A “Balanced Diet of Power” could stop the crisisMarch 4, 2023 Allen SantosA balanced diet of Power” could stop the crisis Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Existing power plants are projected to retire at a faster pace than installations of new units, […]Residents Told To Shelter In Place After Norfolk Southern Freight Train Derails In OhioMarch 5, 2023 Allen SantosAnother Norfolk Southern freight train has derailed in Ohio. “The Clark County Emergency Management Agency is asking residents within 1,000 feet of a train derailment at Ohio 41 near the Prime Ohio Business Park to […] Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsPopular Energy News Beat StoriesSubsea7, Siem Offshore, and Kongsberg take aim at floating offshore wind - Will this impact more Whale deaths?Daily Energy Standup Episode #59 -Gov Newsom is not an energy racist - He destroys fossil and renewable equally. Africa gets it in the drive-through, Alex Epstein gives us insight to Biden's energy policies.ENBEnergy DashboardENB PodcastENB Substack
In 2020, BP CEO Bernard Looney announced the international oil company planned to significantly increase investments in solar and wind energy while cutting oil and gas production - and thus carbon emissions - up to 40 percent by 2030. Last week, amid soaring oil prices, BP rolled back that commitment. BP's new plan is to reduce its oil output 25 percent by 2030 and its Scope 3 carbon emissions by 20 to 30 percent. At the same time, the 114 year-old company points out it now spends 30 percent of it capital on its alternative energy business, up from just three percent in 2019. And, it still intends to cut its own direct emissions 50% by 2030. In this episode of Leadership Next, Looney joins hosts Alan Murray and Ellen McGirt to dissect this complicated message. He details what motivated the change and lays out BP's strategy to become an integrated energy company (to include explaining why oil will remain a part of that strategy). Also in the conversation: BP's approach to addressing the "energy trilemma," maintaining public trust in the midst of a strategy change, and how growing up on a farm in Ireland influenced Looney's leadership style. Explore more of Fortune! Use the promo code LN25 to get 25% off our annual subscription at fortune.com/subscribe
Welcome to The Hydrogen Podcast!In episode 170, BP continues to double down on the hydrogen economy. I'll dive into what they're doing on today's hydrogen podcast.Thank you for listening and I hope you enjoy the podcast. Please feel free to email me at info@thehydrogenpodcast.com with any questions. Also, if you wouldn't mind subscribing to my podcast using your preferred platform... I would greatly appreciate it. Respectfully,Paul RoddenVISIT THE HYDROGEN PODCAST WEBSITEhttps://thehydrogenpodcast.comCHECK OUT OUR BLOGhttps://thehydrogenpodcast.com/blog/WANT TO SPONSOR THE PODCAST? Send us an email to: info@thehydrogenpodcast.comNEW TO HYDROGEN AND NEED A QUICK INTRODUCTION?Start Here: The 6 Main Colors of Hydrogen
The chief economic adviser to Ukraine's president has warned BP that hundreds of millions of dollars earned from an investment in Russian energy company, Rosneft, amounts to 'blood money'. Oleg Ustenko has written to BP's chief executive, Bernard Looney, calling on it to use the money to establish a fund for Ukrainian victims of the war. BP insists it has not received any dividends from Rosneft and has written down the value of the assets to zero.
The world of selling has irrevocably changed. Buyers no longer want to be sold to and especially not as a result of a cold call. They want to get to know a company by getting to know and trust the people who work there. Starting digital conversations is the first step to build this trust. As CEO, it's imperative that you lead by example.In this episode Alice talks with Tim Hughes who explains how to change your sales approach from “interrupting to pitch” to “gaining trust”. Simply put, you and your team use social media to start conversations that both expand your network and build trust for a future opportunity to sell. He explains the three how-to steps: Creating the right social profile, expanding your network, producing content that engages. Many salespeople don't know how to use social media to connect and build a trusted network so they simply have a meager profile and don't do anything else. In fact they may even be afraid because their previous company may have fired employees who posted on social. If you expect your sales or better yet, your Go To Market team to build networks and share content on social then as CEO model the behavior and create the proper framework for success including training, guidelines and content strategies.Tim goes on to explain the opportunities for B2B CEOs to dominate their vertical as thought leaders by producing content designed to educate target customers. Unless you are one of a handful of CEOs like Bernard Looney of BP, who already have it down, it's time to watch, learn and do social selling.Highlights:3:02 In the past our sales and marketing used interruptive methods, cold calling, email, billboards. We interrupt you to pitch. And now, the buyer just won't put up with that.3:24 …buyers are digital. What can we actually do to be where the buyers are? 4:23 Gartner research is telling us that more and more people are saying 'I'd like a seller free buying experience. I'd like to be able to learn on my own.'5:11 What we're doing on social is trying to create a conversation. There's three things that you need on social media. One is you need to have a great profile. A great profile as in what we call "Buyer centric." So when a buyer looks at you, they go, "That person looks interesting, that person could help me."9:14 So the second thing you need is a wide and varied network. And that's about you building out contacts in the people you want to influence, so the accounts you want to sell to, yes, but better yet, people who could introduce you.11:08 And the third thing that we need is content. And the reason why we need content is buyers are online looking for information and advice. 16:31 If you are not connected in your digital network to enough people, it's going to be really hard to get introductions, or if you connected and then spammed me, I'll never give you an introduction , because I know you're going to do that to the next person. 20:03 CEOs, senior leaders, lead by example. If you want your teams to be digital, you have got to be digital.21:01 Look at people like Julie Sweet, who's the CEO of Accenture, or Bernard Looney, who's the CEO of BP. Bernard has done an amazing job at repositioning BP in the world via social media. 24:41 I ask CEOs who is the leading technical and commercial influencer in your market or vertical?" And the answer to that usually will be, "I don't know. There isn't one." Well, why not? Why isn't it you?29:40 It's about digital dominance. Owning the narrative out there on social media.37:18 I don't think we realize how much it's changed, but COVID has changed the world, it's changed society. And so it changed the way of business. It sped up our need to be digital.About Our Guest:Tim Hughes is universally recognized as the world leading pioneer and exponents of Social Selling and he is currently ranked Number 1 by Onalytica as the most influential social selling person in the world. In 2021, LinkedIn said he was one of the top 8 sales experts globally to follow.He is also Co-Founder and CEO of DLA Ignite and co-author of the bestselling books “Social Selling - Techniques to Influence Buyers and Changemakers” and “Smarketing - How To Achieve Competitive Advantage through blended Sales and Marketing”. Both published by Kogan Page.Show Links:Social Selling: Techniques to Influence Buyers and ChangemakersCompany Website: DLAIgnite.comLinkedin: https://www.linkedin.com/in/timothyhughessocialselling/Twitter: https://twitter.com/Timothy_HughesYouTube: https://www.youtube.com/c/TimothyHughes1Facebook: https://www.facebook.com/TimHughesSocialSelling/Instagram: https://www.instagram.com/tim_hughes1/Clubhouse: @timothy_hughes Tik Tok https://www.tiktok.com/@timothy_hughes You can learn more about and connect with Alice Heiman in the links below.Website: https://AliceHeiman.comLinkedIn: https://www.linkedin.com/in/aliceheiman/
Saudi Aramco posts a near-40 per cent surge in Q3 net income on the back of rising global prices. President Biden urges IOCs to use their record profits to help reduce prices for consumers. BP CEO Bernard Looney tells CNBC his company is already putting its windfall gains to good use. The Dow is slightly down but has posted its best month since 1976. Asian equities start the new month in the green. In China factory activity stalls as authorities increase Covid restrictions. The yuan is down to its lowest level since the GFC due to a weak midpoint setting. New Twitter CEO Elon Musk dissolves the board and sets aggressive targets amid upcoming job cuts at the social media giant.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In the past, the term energy trilemma was used to describe the tension between affordability, security and sustainability in delivering the energy the world requires. In this episode, Bernard Looney, C.E.O. of bp, and Alison Rose, chief executive of NatWest Group, discuss how these demands are now aligned, with a new triple imperative for companies to deliver on all three counts.
Twenty years ago, BP attempted an ambitious rebrand claiming that henceforth the initials BP would stand for Beyond Petroleum (formally British Petroleum). Two years ago, and STILL one of the world's largest oil and gas producers, they announced their new climate-friendly purpose: To reimagine energy for people and our planet. So what are the actions CEO Bernard Looney and his leadership team would have to take to plug this gusher and actually win back our trust? To get to the bottom of this barrel, we talk with three experts on energy, climate, and marketing: Tyson Slocum, Energy Program Director at national consumer advocacy group Public Citizen, Duncan McLaren, Climate Policy Expert, and Jamie Henn, co-founder of 350.org and Director of Fossil Free Media. Guests: Tyson Slocum - Energy Program Director, Public Citizen Duncan McLaren - Climate Policy Expert Jamie Henn - Co-founder of 350.org and Director of Fossil Free Media We'd love to hear what you think about the show. Maybe you're inspired to take action, maybe you disagree with today's bullshit rating. Either way, we want to hear about it. Leave us a message at 212-505-2305. You might even be featured on an upcoming episode. Find out more at https://callingbullshitpodcast.com/. Background Reading: Read more about Tyson Slocum's work at Public Citizen here. Learn about Duncan McLaren's latest research at Lancaster University. Learn about Fossil Free Media's recent projects and how to get involved. If you love the show, rate and review us on Apple Podcasts. Find out more at https://callingbullshitpodcast.com/. See omnystudio.com/listener for privacy information.
In this episode, Nicolai Tangen talks to Bernard Looney CEO of BP. They discuss challenges and opportunities in BP's green transition, how they are dealing with expectations from large investors, and the importance of grit.This episode was recorded before the war between Russia and Ukraine.The production team on this episode were PLAN-B's Tor-Erik Humlen and Olav Haraldsen Roen. Background research were done by Sigurd Brekke and Bård Ove Molberg with additional input from our portfolio manager Ståle Lægreid. See acast.com/privacy for privacy and opt-out information.
We started off the programme by asking the independent banking analyst Frances Coppola how in practical the newly announced EU sanctions work. Then we moved on to the Russian economy and asked Kallum Pickering, a global economist for Berenberg bank here in London how it would be affected by these sanctions. Next, our Markets Report guest Michael Hughes, an independent economist, told us that that the cost of agricultural goods was going to be something to watch when markets re-open in the coming hours. We then have a look at the British multinational energy giant BP. It announced Sunday afternoon it was to quit its 20 per cent stake in the Russian state oil firm Rosneft, with its chief exec Bernard Looney quitting the Rosneft board too. Our correspondent Katie Prescott told us more. Moving on from energy, we look at how during an emergency parliamentary session on Ukraine on Sunday, Chancellor Scholz announced an additional $113bn for the German army. He also announced pivots on energy policy, and laws about the export of German made arms - in what he called a turning point brought about by the war in Ukraine. Dr Liana Fix is a Resident Fellow at the German Marshall Fund in Washington DC and told us more about the move. Our programme ends with our correspondent, Lucy Williamson on a report from Moldova looking at the influx of Ukrainian refugee's into the country. Presenter: Will Bain Producer: Will Bain and Gabriele Shaw (PHOTO CREDIT: GETTY)
Show #1388 Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Sunday 27th February. It's Martyn Lee here and I go through every EV story so you don't have to. Welcome to a new PATREON EXECUTIVE PRODUCER ANDREW LUOMA. If you get any value from this podcast please consider supporting my work on Patreon. Plus all Patreon supporters get their own unique ad-free podcast feed. TESLAS TOP WORLDWIDE EV GOOGLE SEARCHES FOLLOWED BY THE VW GROUP - Based on the amount of news coverage it receives and the fervor of its fans, it's not surprising that Tesla tops the charts in terms of global Google searches for electric vehicles. Its four models are also the four most searched electric vehicles on Earth. - The Tesla Model 3 is the most-Googled electric vehicle on Earth, appearing in searches 2,240,000 times per month, followed by the Model S, Model Y and Model X. - The most-searched non-Tesla model is the Audi e-tron, which was Googled more than a million times per month in 2021, as was the Porsche Taycan, and they were followed by the Volkswagen ID.4 (823,000), which must please the Volkswagen Group. - In the U.S., meanwhile, the cars with the fastest-growing interest are the Volvo XC40 Recharge, which received 221,900 percent more searches in 2021 than it did in 2020; the Hyundai Ioniq 5, which got 12,442 percent more; and the Volkswagen ID.4, whose searches increased by 5,483 percent. Original Source : https://www.carscoops.com/2022/02/teslas-top-worldwide-ev-google-searches-followed-by-the-vw-group FREE CHARGING TO TESLA, OTHER EV OWNERS FLEEING UKRAINE - Electric vehicle owners from Ukraine can use a Tesla Supercharger for free in Poland, Slovakia and Hungary. The move by Tesla covers those who own Tesla vehicles and also other electric vehicle brands. - “Beginning Monday, we are temporarily enabling free Supercharging for both Tesla and non-Tesla vehicles at sites in areas impacted by the recent situation in Ukraine,” an email from the electric vehicle company said. “We hope that this helps give you the peace of mind to get to a safe location.” - Tesla has previously offered free electric vehicle charging for areas affected by natural disasters such as hurricanes in the U.S. This marks the first case of Tesla providing free charging due to a war or political crisis. - This is also the first time that Tesla has offered free charging at its Supercharger locations for non-Tesla vehicle owners. The move coincides with Tesla opening up its Supercharger locations for non-Tesla owners across several European countries. Original Source : https://www.benzinga.com/news/22/02/25872570/elon-musk-offers-free-ev-charging-to-tesla-other-ev-owners-fleeing-ukraine REGISTRATION OF ELECTRIC CARS CONTINUES TO GROW IN UKRAINE - A total of 8,541 new and used electric vehicles were registered in 2021, an almost 20% increase compared to 2020, according to the Federation of Automotive Employers. Used vehicles outnumbered new ones seven to one. - Ukraine now has about 30,000 electric vehicles on the roads. The number of newly-registered ones has been growing each year since 2016. - Still, electric cars occupy a very modest share of the Ukrainian market. A total of 104,000 new cars were registered in the country in 2021. Only 1% of those were electric. - Every fourth electric car registered in the country in 2021 was a Leaf. - Used car prices for Nissan's bestseller ranged from $9,500 for 2014 models to $28,000 for 2020 models. New Leafs, which start at $32,000, are beyond the price range for many Ukrainians, whose average monthly salary was $530 in December 2021. - Ukrainians' other top choices in 2021 included the Tesla Model 3 (827 registered) and Chevrolet Bolt (762 registered). The above three models are responsible for almost 55% of the country's electric car market. Original Source : https://kyivindependent.com/business/registration-of-electric-cars-continues-to-grow-in-ukraine/ MAN CONVERTS HIS ROLLS-ROYCE INTO AN EV AND HIS PASSION INTO A RICHMOND BUSINESS - Richmond business owner Vincent Yu spent the past four years converting his Rolls-Royce into an electric vehicle. It required not just endless hours in the garage/basement but almost as many flying to the U.S., Japan and Germany to purchase specialized car parts. - Not only does Yu have an electric Rolls-Royce, he also has a brand new business. Yu said he decided to use what he learned over the past four years to open a shop, Mars Power, in north Richmond where he plans to convert other vehicles from gasoline to electric. - To convert his RR, he had to sell his house to help pay for the project. That didn't sit well with his wife, who got so fed up with his project she left him, Yu explained. - Yu said his newly converted electric Rolls-Royce can run for 500 kilometers on a full charge, adding that it only costs him $8 in electricity to charge the battery compared with $120 to fill his tank with gasoline. - He found a small team of mechanics and machinists to help him and together they worked on the project almost every day. It's that team he's now employed at his new shop. Original Source : https://www.richmond-news.com/local-news/man-converts-his-rolls-royce-into-an-ev-and-his-passion-into-a-richmond-business-5085634 BP TO EXIT ITS 19.75% SHAREHOLDING IN ROSNEFT - GREEN CAR CONGRESS - The bp board announced that bp will exit its shareholding in Rosneft, a Russian state-controlled oil and gas company. bp has held a 19.75% shareholding in Rosneft since 2013. - Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect t. The other Rosneft director nominated by bp, former bp group chief executive Bob Dudley, is similarly resigning from the board. - Like so many, I have been deeply shocked and saddened by the situation unfolding in Ukraine and my heart goes out to everyone affected. It has caused us to fundamentally rethink bp's position with Rosneft. I am convinced that the decisions we have taken as a board are not only the right thing to do, but are also in the long-term interests of bp. Our immediate priority is caring for our great people in the region and we will do our utmost to support them. We are also looking at how bp can support the wider humanitarian effort. Original Source : https://www.greencarcongress.com/2022/02/20220228-bprosneft.html BYD RECEIVES US' LARGEST ELECTRIC TRUCK ORDER FROM EINRIDE - BYD announced so far the largest order for all-electric trucks outside of Asia, placed in the US by a Swedish freight technology company Einride. In total, 200 Class 8 BYD 8TT battery-electric day cab trucks to be deployed over the course of the coming twelve months starting in February. - BYD 8TT will be equipped with a 563 kWh battery (LFP) and offer a range of up to 200 miles. Fast charging power peaks at 185 kW (CCS1 connector). Original Source : https://insideevs.com/news/569807/byd-electric-truck-order-einride/ GOOGLE MAPS IS HELPING BATTLE ELECTRIC VEHICLE RANGE ANXIETY - Navigation software, such as Google Maps and infotainment systems in cars, are one of the quickest ways to ease range anxiety felt by drivers. In a recent study conducted by HERE, the navigation experts found that drivers consider such software a must-have tool in their electric vehicle. - HERE describes how applications that provide charging location information and real-time station data help increase the adoption of electric vehicles, especially as they now offer a more integrated experience. While HERE itself already offers an advanced pack of solutions aimed specifically at EV drivers, the entire industry is actually investing on this front. - Taking the experience one step further, vehicles equipped with Android Automotive, such as Volvos and Polestars, run Google Maps as the native navigation app. Now, thanks to deeper integration with the car's battery systems, it can monitor the current range and provide options to reach the destination more conveniently. Original Source : https://www.t3.com/us/news/google-maps-is-helping-battle-electric-vehicle-range-anxiety THIS EV-CONVERTED PORSCHE 912 FUTURE-PROOFS A 1960S CLASSIC - Ian James Corlett is a self-described Porsche enthusiast, having owned a string of 911s. It's why he selected a 912 as the basis of his project, figuring a more prosaic four-cylinder Porsche would be a less heretical subject for conversion from internal combustion to electric power. - A light-switch-reactive 120 pound-feet of electric torque makes Corlett's battery-powered 912 as easy to drive as a modern EV. A blend of 911 and Boxster suspension and brake components improves the performance envelope further. The dogleg five-speed manual transmission is retained - Power is up to 118 horsepower and is far more accessible than with a combustion engine. Further, the car is still light, with a curb weight equivalent to a fully fueled, six-cylinder 911 of the same period. - Eventually, Corlett crossed paths with the experts at EV West, who reworked the conversion and polished it for reliability. Corlett refers to this version as his 2.0 build. Its front-mounted 25-kWh battery pack gives slightly more than 100 miles of range, ideal for a Sunday morning cruise. Original Source : https://www.caranddriver.com/features/a39211023/porsche-912-ev-conversion/ PLUG IN YOUR CAR … BUT ONLY BRITAIN'S RICHER MOTORISTS CAN CHARGE UP CHEAPLY - Almost 10 million households in England and Wales risk missing out on savings of £950 a year that come from owning an electric car, according to a study warning that richer households stand to benefit most. - About a third of households have no access to off-street parking or a personal garage, so will miss out on lower costs from charging the cars using cheaper overnight electricity. - The findings emerge in a forthcoming study by the Resolution Foundation thinktank examining Britain's plans for achieving net zero emissions and the impact on living standards. The switch to electric vehicles has the potential to cut fuel costs, but it reveals the barriers that remain in ensuring everyone can access them. - Even public charging points cost about 25% less than the average cost of filling a petrol car at the pumps. However, the type of home someone has will impact on the costs of charging. “Unless addressed, these stark cost differences risk creating a ‘charging divide' – with the bulk of savings risk being accrued by richer households, which risks widening inequality,” the report concludes. - Jonny Marshall, senior economist at the Resolution Foundation, called on ministers to prioritise reducing the cost of public charging and encourage the installation of home charging points in rented accommodation. Original Source : https://www.theguardian.com/environment/2022/feb/27/plug-in-your-car-britain-richer-motorists-can-charge-up-cheaply QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM What's the best looking EV on the market right now? Email me any feedback to: hello@evnewsdaily.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, I'll catch you tomorrow and remember…there's no such thing as a self-charging hybrid. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/
The U.S. is to temporarily move its embassy from Kyiv to the western Ukrainian city of Lviv after U.S. Secretary of State Antony Blinken warns of a dramatic increase in Russian troops along the border. German Chancellor Olaf Scholz is due in Moscow later today for talks with President Putin. The tensions are felt throughout U.S. markets which closed lower and saw the 10-year Treasury yield briefly surpass 2 per cent. CNBC hears from St Louis Fed President James Bullard who says the Federal Reserve must act sensitively when hiking rates. Ongoing uncertainty about a potential Russian invasion of Ukraine has also hit crude prices which had been at a seven-year high. However, BP CEO Bernard Looney tells CNBC his company is committed to its business in Russia. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
President Vladimir Putin tells CNBC his country is not weaponising gas against Europe but instead blames the U.S. for not addressing supply issues in advance. Putin was speaking at Russia's Energy Week, where we also spoke to a slew of energy bosses, including BP CEO Bernard Looney who said the current gas crisis can only be resolved with further investment in the sector. Meanwhile, two more UK gas companies - Pure Planet and Colorado Energy – collapse amid the autumn price spike. In Washington, the latest FOMC minutes indicate that U.S. tapering may begin as early as mid-November as annual inflation surges to its highest level for 30 years. Inflation sees highs across the Pacific as well, with Chinese factory gate prices rising at their fastest pace since records began, but CPI is held down by weak pork prices. And U.S. banks kick off Q3 earnings with JPMorgan profits boosted by better-than-expected loan losses. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this final installment of conversations from the Center on Global Energy Policy's recent annual Global Energy Summit, host Jason Bordoff is joined by Bernard Looney, CEO of bp, to discuss bp's planned transformation from an oil and gas company to an integrated energy company, a little more than one year into the strategy. Jason and Bernard talk through the impact of the Covid-19 pandemic on the company and energy markets, what the new strategy means in practice, and what bp's portfolio will look like in the future. Bernard Looney is Chief Executive Officer of bp, and has been with the company for 3 decades. He started off as a drilling engineer, and then later, oversaw BP's oil and gas exploration, development, and production activities worldwide before taking the helm last year.
Ian King speaks to BP's chief executive Bernard Looney about bouncing back from the Covid-19 pandemic. Plus hear from chair of Hays Travel, Dame Irene Hays, about going abroad this summer, and Energy Transitions Commission chair Lord Turner's discussing decarbonising the economy.
This week, we check out someone who had the world in the palm of his hands, only to spike it to the ground, and stomp on it, with both feet. Out of nowhere, a series of arrests starts, and never stops. His crimes are almost sad, until he just keeps doing it. Friends, family, and old teammates try to help him, but their efforts fall of deaf ears, as his thirst for getting arrested just can't be quenched! Be the MVP of New York state, win a national championship, and fight your coach in the locker room with Bernard "Looney" Toone!! Check us out, every Tuesday! We will continue to bring you the biggest idiots in sports history!! Hosted by James Pietragallo & Jimmie Whisman Donate at... patreon.com/crimeinsports or with paypal.com using our email: crimeinsports@gmail.com Get all the CIS & STM merch at crimeinsports.threadless.com Go to shutupandgivememurder.com for all things CIS & STM!! Contact us on... twitter.com/crimeinsports crimeinsports@gmail.com facebook.com/Crimeinsports instagram.com/smalltownmurder See omnystudio.com/listener for privacy information.
Amazon Founder and CEO Jeff Bezos wrote his final letter to shareholders last week offering clear insight about the customer experience, efficiency, long-term thinking, managing crisis and more. What are the key takeaways for comms pros and business leaders? Then, should CEOs get involved in discussing hot-button political and social issues? If so, how far are they willing to go to affect change? The show closes by discussing a new survey published in PR Week finding that 55 percent of Instagram influencers were involved in some form of social media fraud and fakery in 2020. Can we trust influencers moving forward?Takeaways from Jeff Bezos' Final Shareholder LetterEach year, Amazon CEO Jeff Bezos writes a thought-provoking shareholder letter that offers clear insight about the customer experience, efficiency, long-term thinking, managing crisis and more. In his final shareholder letter, Bezos states that “if you want to be more successful in business (in life, actually), you have to create more than you consume.” Bezos also acknowledges the company needs “a better vision for our employees' success.” His messages are clear and concise, and his tone is inclusive and respectful of all the stakeholders involved in the company's success. Austin, Hattie and Thomas discuss Bezos' final shareholder letter and takeaways communicators and business leaders alike can benefit from.Should Business Leaders Get Involved in Politics?In a previous episode, The Business Communicators discussed the Edelman Trust Barometer that revealed a widespread mistrust of government, and more trust in company CEOs. More recently, companies have been speaking out against states implementing voting laws that opponents say will make voting more difficult for underrepresented voters, particularly Black voters. This raises questions for The Business Communicators:Should business leaders get involved in political/government issues? How far are they willing to go to affect change?Will getting involved help or hurt their reputation?How are companies/business leaders communicating to their employees their stance?We're Number One for All Things Comms!Shoutout to Catalyst, the official publication of the International Association of Business Communicators for including The Business Communicators in their list of recommendations to members as one of 14 Podcasts to Add to Your Communication Toolkit. We're number one on the list for All Things Comms!Thank you, IABC, for your support, especially to our sponsors and listeners who tune in and share your insight about the key issues and trends that impact our industry. Let's keep building!Music Credit: Smoke (with Lostboycrow) – Feather FOLLOW US ON SOCIAL MEDIA
In this episode, Resources for the Future President and CEO Richard G. Newell speaks with Bernard Looney, the CEO of BP, about how BP is developing clean energy innovations and reimagining its mission in response to climate change. Their conversation took place on March 11. The Policy Leadership Series (PLS) Podcast features leading global decisionmakers who discuss big environmental and energy policy issues. The PLS Podcast is produced by Resources for the Future. Find video recordings of PLS events at rff.org/pls and receive updates about Resources for the Future events and podcasts by visiting rff.org/subscribe.
Tisha Schuller sat down with Dominic Emery, Chief of Staff to CEO Bernard Looney at bp, on the Energy Thinks Podcast to discuss game-changing leadership. Tisha and Dominic cover: · What it's like to work for bp's new, young, and dynamic CEO · The kind of culture change required to accompany the transition to a net-zero, integrated energy company · Which innovation areas show promise · If we are investing enough in oil and gas exploration globally · How Dominic's leadership style is evolving in real time Dominic Emery is the Chief of Staff to CEO Bernard Looney at bp and has been with the company since 1986. Currently based in London, Dominic has worked across an array of business areas including E&P, alternative energies, and gas and power. Dominic is a board member for the Extractive Industries Transparency Initiative (EITI) and was the founding CEO of OGCI Climate Investments—a $1B fund set up by oil and gas companies to invest in technologies and projects to reduce climate emissions. Dominic holds a PhD in Geology/Earth Sciences from the University of Cambridge and a M.A. in Geology/Earth Sciences from the University of Oxford. Subscribe here for Tisha's weekly "Both Things Are True" email newsletter. Follow all things Adamantine Energy at www.energythinks.com. [Interview recorded on February 19, 2021]
Mark Campanale (MC): COVID changed a lot. What it's done is forced a huge contraction in the global economy. And that contraction has worked its way into energy demand. If we think of climate change as perhaps the big existential problem of our age, and certainly for the coming century, [Covid has] meant that people are looking at where energy is generated and the burning of fossil fuels which contribute to climate change. People have realized we can switch to clean energy: it's cheaper, it's more efficient, it's cleaner. All those fossil fuel companies that used to dominate the S&P 500 like Exxon, their valuation has collapsed. Investors are fleeing the sector. And of course, the darling of the past year has been Tesla, the miracle of new technology. People are thinking: Well, actually, this changes everything; how we communicate, how we transport, what energy we generate, how offices function, etc. [The pandemic] has brought forward the peak in demand for fossil fuels. It has really tipped us over into the end days of the fossil fuel economy, giving us the freedom and hope to deal with climate change. Driving Change (DC): That's a big claim. You really feel this is an inflection point. Would you say it's brought forward the peak for energy demand? MC: I think energy demand is growing, particularly in the developing world. That will remain the case. But in the developed world, I think demand, particularly for fossil fuels, has peaked. The internal combustion engine car has almost certainly peaked. It looks like demand for oil has peaked. Demand for coal, globally, has almost certainly peaked, particularly in the western economies. DC: What about these reports that coal plants have been reopening, and new ones built in places like China? MC: Yeah, that's true. But you need to look at their efficiency and how much of the time they spend on stream. A lot of these new coal fired power stations are only operating at 30-40% capacity. Part of the demise story is that they're not achieving the revenues that a lot of the modelers forecast they would. Even in China, you've got dispatchable power from renewables getting onto the grid before fossil fuels. In many parts of the world, what counts is who's getting onto the grid first, and renewables are getting on first. Some economists ask me: “Well, Mark, we've seen this before, we've seen something similar in 2008, when the economy contracted after the financial crisis only for energy demand, particularly fossil energy demand, to bounce back. So what's different today? It's very simple. What's different is, renewables are cheaper. It's cheaper across most parts of the world, if not all of the world, to generate power from wind, solar and battery storage compared to new build coal or new build gas. But soon, it is going to be cheaper to build new renewables than to continue to operate old coal plants. That switch I think will be the death knell for the traditional energy system.Soon, it is going to be cheaper to build new renewables than to continue to operate old coal plants. That switch I think will be the death knell for the traditional energy system.DC: So you really see this as an inflection point? MC: Demand for energy will grow back, particularly in the developing economies, but that demand is not going to be met from fossil fuels, it is going to be met with renewables. We've got far more renewable energy capacity being built today than traditional fossil fuels. The very simple reason for that is that the cost of production for renewables has dropped below that of fossil fuels. It's a technology switch. Across the world, it's cheaper to build wind and solar plus battery storage than it is to build new coal-fired power, and typically, often new gas power as well. And even in economies like China's, when it comes to dispatchable power, renewable energy is getting onto the grid first. Renewable suppliers increasingly have first right to get their power onto the grid, ahead of fossil fuels. That's making traditional fossil fuel capacity expensive to build, expensive to run. It's just accelerating the demise of the old technologies. DC: You mentioned policymaking. Are you seeing in some of these stimulus packages that this time around policymakers are leaning towards the new technologies over the old technologies? Or is there still a default mentality of pouring money into whatever creates jobs and keeps the economy growing? MC: Good question. I'm going to give you an answer that's broken into two halves, a good and a bad. The good news is there are many green stimulus packages, including at the European Union level. The French and the Germans have been driving it. Even the UK, which is preparing to Brexit, has a Green stimulus. If you look at the Biden election program, it does include a Green stimulus, and envisages a Green recovery. There are simply more jobs to be created in retrofitting clean energy and energy conservation than there are from fossil fuels. The bad news is in the purchase agreements used by central banks to stimulate the economy. They've been buying fossil fuel company bonds and high carbon company bonds at the same rate, or faster, than Green energy bonds. That throws a whole lot of cheap capital to fossil fuel incumbents. What that has done, including in the UK and the US, is turn the stimulus into a bailout of an industry that was teetering on the edge. I'm disappointed by central bankers, who had a lot of choices. They should have known better, but didn't really think it through. As a consequence, we've got businesses that were on their last legs being bailed out by the taxpayer. No thank you. DC: So as you look forward, firstly to the next year and then beyond, what are you hoping that policymakers who care about fighting climate change will do? MC: We need everything from certainty around carbon pricing to certainty around green power and power purchase agreements. One bet that I'm thinking about is slightly technical, but needs to be talked about it. At Carbon Tracker, our analysis shows there's around $30 trillion of fixed assets in the fossil fuel economy: pipelines, oil rigs, coal fired power stations, and coal mines. These are going to have to be written down, written off, aggressively depreciated over the next ten, fifteen years. Oil wells and the rest of the fossil fuel economy is going to become redundant. Currently companies are not putting aside the capital to deal with this. I want policymakers to make sure that the accounting profession actually does the write-downs, and does the stress tests. It's a bit like going into the 07-08 financial crisis with those triple A mortgage-backed securities and insisting that they are still triple A. It is the same problem with fossil fuel assets; regulators and governments need to do something about it.We also need to see more clearly the endgame for fossil fuels. The world is continuing to invest in fossil fuels when we should be winding down the industry. The International Energy Agency reckons around $1 trillion is invested in fossil fuels annually. That has to stop. To do that we need to focus not so much on energy demand reduction – turning off the lights, switching to electric cars and so on (all good, of course), but on constraining the supply of fossil fuels. That's why I and others have called for a Fossil Fuel Nonproliferation Treaty (fossilfueltreaty.org). Governments, policymakers, civil society and companies need to prevent all those projects that stand to take us above one and a half degrees [increase in average temperatures]. We're gonna have to constrain supply, we're gonna have to cancel licenses, cancel production. You may have seen the announcement from British Petroleum, one of the world's biggest fossil fuel companies, that they are going to cut production by 40%. It was the first time I'd ever heard a CEO talk about this when Bernard Looney referred to the declining carbon budget limiting how much fossil fuels we can burn. The company wrote off $17 billion of fossil fuel reserves. But it needs to be more than BP; everybody should be doing it. That's what I want to see policymakers focus on in the year ahead. DC: That is a big, big idea, the Fossil Fuel Non-proliferation Treaty. Is it something that could be announced and signed next year? Is it something that governments get? Also, is it still down to the government to lead, or can the private sector now be in the vanguard of this shift?It goes to the heart of this question: what's the point of a retirement plan if there's no planet worth retiring into?MC: The treaty idea has been driven by scientists, academics and civil society. You may ask, how good is that? Well, actually, the nuclear treaties of the 1970s were driven by civil society. NGOs and civil society were the first to go off and start counting missiles and then sat around the table and had them draw up the agreement to cut those huge missile reserves that the Americans, Chinese and Russians had. We have to do the same with fossil fuel. I do think it's possible that it can happen. I spoke to somebody in the UK Government just last week, and they said, well, look, all policy has been focused on emissions reduction from the demand-side. Nobody's thinking about supply, because the politics are really tough. But they added that this may not be such a bad thing, as there is space for fresh thinking and for governments to embrace new ideas. So I'm hopeful that this will get onto the agenda. As to private sector leadership, over the last two years individual private investors and investment institutions have mobilized regardless of government. There's Climate Action 100, a coalition of the world's largest investors, taking on the world's top 200 polluters. It has a combined $46 trillion under management. It's the biggest coalition that has ever been created of investors who are sitting down with management and challenging them to change. Now, the government didn't tell them to do that. It was driven from the bottom-up, driven by individual policyholders of pension schemes, driven by trustees, driven by fiduciaries. It goes to the heart of this question: what's the point of a retirement plan if there's no planet worth retiring into? DC: How serious is this shift? Is it largely rhetorical, or is there something fundamental going on here? After the Paris Agreement, there were lots of business leaders and investors saying, yes, we've got to do this. But they also said that we mustn't scare the fossil fuel industry, and that there needed to be a “just transition” with compensation to fossil fuel companies that lose from the shift to renewable fuels. MC: I think the level of ambition and expectation is now there. What people have told me about Paris is that in previous years of climate negotiations, you had power blocks – the business power block, lobbying, government not doing anything that's damaging for jobs. Then you had the scientists and the NGOs saying, please do something. What changed in Paris was investors turning up en masse, saying to the governments that a strong climate agreement is in the interest of investors. They were coming as a counterforce to the narrative from the business community. People often make the mistake thinking that finance and business are the same thing. In fact the business community is often in conflict with the interests of the shareholders. Investors are starting to find their voice. There have been many shareholder resolutions on climate, and investor groups that were previously slow to act, like BlackRock, are fundamentally changing. BlackRock now is in favor of a progressive climate deal. That's really the switch that we've seen. Finance saying, “Now, we're going to stand for our own position and our own status as interlocutors in the climate negotiations by setting out the kind of climate agreement we want.” Finance is now increasingly on the side of the angels. Is it going to be enough? Fast enough? Well, one of the things we've worked on at Carbon Tracker, along with the UN Principles for Responsible Investment and others, is a concept we're calling the “inevitable policy response”. People often think that governments are slow to act, and nothing is going to change. What we are saying to investors – and investors are agreeing – is that actually, there's growing evidence of climate chaos: ice caps increasingly show signs of melting, forests are burning, 100 degree temperatures in the Arctic, London is a hundred degrees for three, four days in a row – unheard of. We're saying it's inevitable that governments will act, they won't sit aside, because the public will call on them to act. We should expect governments to act and it's that inevitable policy response that companies have to fear and investors have to ask for. People are not going to sit around and do nothing. That's for certain. DC: So if policy response is inevitable, what is the policy that you would advise a policymaker to make their top priority over the next 12 months? MC: Switch the narrative from trying to constrain demand, – which I feel is a bit like boiling the ocean, telling a billion people to turn their lights off – to constraining supply. We know where the supply is coming from, who's producing the fossil fuels. We know who it is. We know which projects are going to take us to above one and a half degrees. We know who‘s developing them and who owns them. Policymakers should be focused on getting an agreement that reflects the science. A Fossil Fuel Non-proliferation Treaty is the policy I really want people to think about today.
C'est inédit : pour la première fois une major, BP, annonce le déclin du pétrole. Son patron Bernard Looney vient d'annoncer que la consommation mondiale ne devrait plus augmenter. Pourquoi une telle communication ? Qu'est ce que BP a derrière la tête ? Le point de vue de Laurens Lafont, rédacteur en chef de la lettre d'investissement Propos Utiles. Ecorama du 16 septembre 2020, présenté par David Jacquot sur Boursorama.com