BP Suspends Buybacks to Strengthen Balance Sheet
BP (NYSE: BP) is suspending share buybacks and retiring the goal to return 30-40% of operating cash flow to shareholders, as the supermajor looks to strengthen its balance sheet amid…
Queensland Opens Up Australia’s First Major New Oil Province in 50 Years
The Queensland government has appointed its preferred tenderers to explore for oil and gas in the Taroom Trough, in a move to potentially open Australia’s first new major hydrocarbon province…
Trump EPA Set to Scrap Landmark Emissions Policy
The U.S. Environmental Protection Agency is about to pull the rug from underneath climate regulation by repealing the so-called endangerment finding—an EPA decision…
BASF Chief Issues Urgent Warning on EU Emissions Trading Scheme
The head of BASF has warned the European Union needs to update its “obsolete” emissions trading scheme and reconsider the phaseout of free credits to avoid disaster for…
Fuel Crisis Forces Canadian Airlines to Halt All Flights to Cuba
Canadian airlines have suspended flights to Cuba as the island nation faces depletion in jet fuel stocks amid a U.S. energy squeeze aimed at prompting regime change. The…
