Daily Caller
BP Dumping Key Green Energy Business

From the Daily Caller News Foundation
By Owen Klinsky
European energy company BP has announced plans to sell its U.S. onshore wind business as it aims to concentrate on its core oil and gas business and improve investor sentiment, according to the Financial Times.
BP, along with its rival Shell, has looked to scale back on green initiatives over the past few years, rejecting further cuts to oil production in June 2023. Now, the company is looking to sell its roughly $2 billion U.S. onshore wind portfolio, which consists of stakes in ten operating wind farms and has a total net generating capacity of 1.3 gigawatts, the FT reported.
“We believe the business is likely to be of greater value for another owner,” William Lin, BP’s executive vice president for gas & low carbon energy, told Bloomberg. “This planned divestment is part of our strategy of continuing to simplify our portfolio and focus on value.”
The move comes as BP’s share price sits near a two-year low, and as the company is in the process of “shifting capital away from transition themes and back to the core business,” Biraj Borkhataria, head of European energy research at RBC Europe Ltd XYZ, told Bloomberg. It also comes as the U.S. onshore wind industry has struggled more broadly as installations have slowed due to elevated interest rates and permitting challenges, with BloombergNEF lowering its projections for new onshore wind by 22% through 2030.
BP’s offshore wind (OSW) efforts have also run into challenges, with the company writing down the value of its OSW portfolio by $1.1 billion last year, and the company’s former renewables chief, Anja-Isabel Dotzenrath, telling the FT, “offshore wind in the US is fundamentally broken.”
BP’s competitor Shell has also pivoted away from a renewables transition in recent years, with its CEO Wael Sawan describing cutting oil production as “dangerous and irresponsible.”
“I disagree with him, respectfully,” Sawan said in July 2023 in reference to UN Secretary General Antonio Guterrdaes’ comment that new oil and gas investments are “economic and moral madness.” “What would be dangerous and irresponsible is actually cutting out oil and gas production so that the cost of living, as we saw last year, starts to shoot up again.”
The onset of the Russia-Ukraine war in Feb. 2022 drove energy prices skywards, with gas surpassing $5 a gallon in June 2022, up from roughly $1.80 in April 2020, according to the Federal Reserve Bank of St. Louis.
BP did not immediately respond to a request for comment.
Daily Caller
Joe Biden Diagnosed With ‘Aggressive’ Prostate Cancer

From the Daily Caller News Foundation
By Jason Cohen
Former President Joe Biden received a diagnosis of prostate cancer on Friday, according to a Sunday announcement by his personal office.
The statement characterizes the cancer Biden has as “a more aggressive form of the disease” that has metastasized to the bone, but the statement adds that it can be effectively managed. The diagnosis follows renewed scrutiny on Biden’s physical and mental decline, along with its cover-up, ahead of the release of a book on the subject titled “Original Sin” by CNN anchor Jake Tapper and Axios reporter Alex Thompson.
“Last week, President Joe Biden was seen for a new finding of a prostate nodule after experiencing increasing urinary symptoms. On Friday he was diagnosed with prostate cancer, characterized by a Gleason score of 9 (Grade Group 5) with metastasis to the bone,” the statement reads. “While this represents a more aggressive form of the disease, the cancer appears to be hormone-sensitive which allows for effective management. The President and his family are reviewing treatment options with his physicians.”
A Gleason score of nine indicates high-grade cancer, meaning that the tumor is more likely to spread aggressively, according to Mount Sinai. A lower Gleason score would indicate that the cancer does not grow as quickly and is less likely to spread elsewhere.
Since leaving office in January, Biden has delivered one major public speech and participated in interviews with “The View” and BBC. In his May 8 appearance on “The View,” he denied reports that he experienced cognitive decline during his presidency.
After Biden’s son Beau passed away from brain cancer in 2015, he decided not to run for president in 2016 before running again and securing the White House in 2020. Excerpts from “Original Sin” and other revelations about the Biden presidency indicate that the former president was in declining physical and mental condition throughout his term, and that the extent of his decline was no longer deniable after his poor performance in the June 2024 debate against President Donald Trump.
Trump issued a statement on Truth Social shortly after news of Biden’s diagnosis broke on Sunday.
“Melania and I are saddened to hear about Joe Biden’s recent medical diagnosis,” Trump wrote. “We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery.”
Business
The ESG Shell Game Behind The U.S. Plastics Pact

From the Daily Caller News Foundation
By Jack McPherrin and H. Sterling Burnett
In recent years, corporate coalitions have increasingly taken center stage in environmental policymaking, often through public-private partnerships aligned with environmental, social, and governance (ESG) goals that promise systemic change.
One of the most prominent examples is the U.S. Plastics Pact (USPP). At first glance, the USPP may appear to some as a promising solution for reducing plastic pollution. But in practice, it has encouraged companies to make changes that are more cosmetic than environmental—and in some cases, actively counterproductive—while increasing their control over the market.
The USPP, launched in 2020, consists of more than 850 companies, non-profits, research institutions, government agencies, and other entities working together to create a new “circular economy for plastics.” Dozens of major retailers and consumer goods companies—including Coca-Cola, Danone, Kraft Heinz, Target, and Unilever—have signed on as “Activators,” pledging to eliminate certain plastics, shift to recyclable packaging, and increase the use of recycled plastics.
Yet, rather than curbing plastic production or reducing waste, the USPP has led many companies to simply transition from polystyrene to polyethylene terephthalate (PET). This shift has been encouraged by claims that PET is more widely recyclable, easier to sort, and better aligned with existing U.S. recycling infrastructure.
However, polystyrene is more moldable, is recyclable, and has insulation properties that PET doesn’t. In addition, PET is approximately 30 percent heavier than polystyrene, meaning more material is required for the same functional use. Moreover, PET requires more energy and is more expensive to produce than polystyrene. And PET’s denser packaging increases transportation-related greenhouse gas emissions and raises costs even more—though these higher costs don’t bother USPP participants, as they simply pass them on to consumers.
Only 5 to 6 percent of all plastics in the United States are recycled. Even for PET products, the overall recycling rate remains low. Just one-third of PET bottles are recycled, while the recycling rate for many other PET products such as thermoforms is less than 10 percent. Most PET products end up in landfills.
This ineffective, costly, and counterproductive shift was not accidental. It reflects the broader incentives baked into ESG scoring systems that reward superficial compliance over substantive outcomes.
ESG frameworks reward companies financially and reputationally for achieving certain narrow targets such as reductions in single-use plastics or increases in the use of packaging that is technically recyclable. However, these metrics often fail to accurately assess total plastic use in a product’s lifecycle, associated emissions, and real-world recovery. A package that uses more plastic and energy—and therefore generates more emissions—may still earn high sustainability marks, so long as the plastic is recyclable in theory. This is a textbook example of greenwashing.
A closer look at the USPP reveals that some of the world’s top plastic users and producers—Coca-Cola, PepsiCo, and Nestlé—are among the Pact’s strongest backers. These corporations, which produce billions of PET containers per year, benefit substantially from signing onto agreements such as the USPP, adopting ESG standards, and pledging support for various green goals—even if they do not deliver any green results. In fact, a 2022 report found that a large majority of retail signatories to the USPP actually increased their consumption of virgin plastic from 2020 to 2021.
Many of these same companies fund the non-profit that organized the USPP: the Ellen MacArthur Foundation. This creates a feedback loop in which large companies shape sustainability standards to their own advantage, defining which materials are “acceptable,” reaping the rewards of ESG compliance, and marginalizing smaller firms that lack the resources to adapt.
For example, by promoting PET as the preferred packaging material, the USPP conveniently reinforces the existing supply chains of these multinational bottlers, while sidelining other materials such as polystyrene that may be more cost-efficient and suitable for specific applications. Smaller manufacturers, who can’t easily switch packaging or absorb the added costs, are effectively squeezed out of the marketplace.
The USPP has not built a circular economy. Rather, it has constructed a closed circle of corporate sponsors that gain reputational boosts and higher ESG scores on the backs of consumers, despite increasing energy and plastics use.
The USPP unites ESG financiers, government agencies, nonprofits, and the largest corporate polluters in a mutually beneficial arrangement. This system rewards compliance, deflects scrutiny, manipulates public trust, eliminates free-market competition, stifles innovation, and increases costs to consumers—all while creating more waste.
Policymakers and consumers alike must recognize that ESG-aligned coalitions such as the U.S. Plastics Pact are nothing more than corporate lobbying groups disguised as sustainability initiatives. They do not improve environmental quality, but they do profit immensely from the illusion of doing so.
Jack McPherrin ([email protected]) is a Research Fellow for the Glenn C. Haskins Emerging Issues Center and H. Sterling Burnett, Ph.D., ([email protected]) is the Director of the Arthur B. Robinson Center on Climate and Environmental Policy, both at The Heartland Institute, a non-partisan, non-profit research organization based in Arlington Heights, Illinois.
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