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BP Dumping Key Green Energy Business

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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.

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Spreading Sedition? Media Defends Democrats Calling On Soldiers And Officers To Defy Chain Of Command

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From the Daily Caller News Foundation

By Nicole Silverio

White House press secretary Karoline Leavitt was confronted on Thursday about President Donald Trump stating that the Democrats who called on the military to defy his orders committed crimes “punishable by death.”

In two Truth Social posts on Thursday, Trump accused the six Democratic lawmakers who called on military members to “ignore illegal orders” of committing “seditious behavior” that potentially could be “punishable by death.” In response, Leavitt immediately started criticizing the lawmakers who “conspired” to encourage military members to defy the president and potentially put themselves in harm’s way.

You have sitting members of the United States Congress, who conspired together to orchestrate a video message to members of the United States military, to active duty service members, to members of the national security apparatus, encouraging them to defy the president’s lawful orders. The sanctity of our military rests on the chain of command, and if that chain of command is broken, it can lead to people getting killed, it that’s what these members of Congress, who swore an oath to abide by the Constitution, are essentially encouraging,” Leavitt said. 

We have 1.3 active duty service members in this country, and if they hear this radical message from sitting members of Congress, that could inspire chaos, and it could incite violence, and it certainly could disrupt the chain of command,” Leavitt continued. 

WATCH:

Democratic Michigan Sen. Elissa Slotkin released the viral video on Tuesday, which included Democratic Arizona Sen. Mark Kelly and Democratic Pennsylvania Rep. Chris Deluzio, in which they accused Trump of of “pitting” service members and intelligence community officials “against American citizens” and of violating the U.S. Constitution. The six lawmakers all previously served in the military or intelligence community.

The press secretary added that their actions may be “punishable by law” given that Trump has never given any unlawful orders.

That is a very, very dangerous message, and it perhaps is punishable by law. I’m not a lawyer … They are literally saying to 1.3 million active duty service members not to defy the chain of command, not to follow lawful orders. But they’re suggesting, they’re suggesting, Nancy, that the president has given illegal orders, which he has not. Every single order that is given to this United States military by this commander in chief and through this chain of command, through the Secretary of War, is lawful,” Leavitt said. 

The lawmakers issued a joint statement stating that Trump believes they should be put to death for swearing to “protect and defend the Constitution.”

“What’s most telling is that the President considers it punishable by death for us to restate the law,” the statement read. “Our servicemembers should know that we have their backs as they fulfill their oath to the Constitution and obligation to follow only lawful orders. It is not only the right thing to do, but also our duty. “But this isn’t about any one of us. This isn’t about politics. This is about who we are as Americans. Every American must unite and condemn the President’s calls for our murder and political violence. This is a time for moral clarity.”

“In these moments, fear is contagious, but so is courage. We will continue to lead and will not be intimidated. “Don’t Give Up the Ship!” the statement concluded.

Article II, Section 2 of the Constitution states that the president is the commander-in-chief of the armed forces. The president is also in charge of intelligence agencies such as the FBI and CIA since he is the head of the executive branch.

In response to the video, Secretary of War Pete Hegseth stated that they have “Stage 4 [Trump Derangement Syndrome].”

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BREAKING: Globalist Climate Conference Bursts Into Flames

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From the Daily Caller News Foundation

By Audrey Streb

A fire erupted at the United Nations climate conference in Belém, Brazil on Thursday, according to the Brazilian publication GloboNews.

Firefighters worked to extinguish the flames engulfing the pavilion roof, and the power was cut off in regions across COP30 as authorities evacuated the section known as the “blue zone,” according to GloboNews. One official reportedly told GloboNews that the fire is now contained.

Over 190 countries and around 50,000 attendees are at the conference, according to multiple reports. Notably, a top United Nations official reportedly directed Brazilian authorities to immediately address concerns like leaky light fixtures, unbearable heat and insufficient security personnel at the conference on Nov. 12, according to Bloomberg.

This is a breaking news story and will be updated.

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