Leanna Byrne
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And if you want to read about the new rules and find out how this will affect dual nationals, just check out the BBC News website.
In the UK, I'm Leanna Byrne with the Marketplace Morning Report from the BBC World Service.
BP is making a dramatic U-turn, raising its investment in fossil fuels to $10 billion a year, while slashing renewables spending by over $5 billion. Five years ago, the company pledged to cut oil and gas production by 40% by 2030 and reach net zero by 2050. But investor pressure has changed that.
BP is making a dramatic U-turn, raising its investment in fossil fuels to $10 billion a year, while slashing renewables spending by over $5 billion. Five years ago, the company pledged to cut oil and gas production by 40% by 2030 and reach net zero by 2050. But investor pressure has changed that.
BP's chief executive, Murray Auchincloss, has called the move a fundamental reset to boost profits and shareholder returns. But critics, including some shareholders, warn BP is doubling down on fossil fuels just as governments push for net zero and climate costs soar.
BP's chief executive, Murray Auchincloss, has called the move a fundamental reset to boost profits and shareholder returns. But critics, including some shareholders, warn BP is doubling down on fossil fuels just as governments push for net zero and climate costs soar.
Now, what are the broader economic consequences of inadequate insurance coverage?
Now, what are the broader economic consequences of inadequate insurance coverage?