BP Dumping Key Green Energy Business

From the Daily Caller News Foundation

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.

Related Topics:#DailyCaller #Shell BPDumpingOnshoreWind BPWindDivestment GreenEnergy OilAndGasBusiness OwenKlinsky

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Some Of The Wackiest Things Featured In Rand Paul’s New Report Alleging $1,639,135,969,608 In Gov’t Waste

Published on December 24, 2025

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From the Daily Caller News Foundation

By Ireland Owens

Republican Kentucky Sen. Rand Paul released the latest edition of his annual “Festivus” report Tuesday detailing over $1 trillion in alleged wasteful spending in the U.S. government throughout 2025.

The newly released report found an estimated $1,639,135,969,608 total in government waste over the past year. Paul, a prominent fiscal hawk who serves as the chairman of the Senate Homeland Security and Governmental Affairs Committee, said in a statement that “no matter how much taxpayer money Washington burns through, politicians can’t help but demand more.”

“Fiscal responsibility may not be the most crowded road, but it’s one I’ve walked year after year — and this holiday season will be no different,” Paul continued. “So, before we get to the Feats of Strength, it’s time for my Airing of (Spending) Grievances.”

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The 2025 “Festivus” report highlighted a spate of instances of wasteful spending from the federal government, including the Department of Health and Human Services (HHS) spent $1.5 million on an “innovative multilevel strategy” to reduce drug use in “Latinx” communities through celebrity influencer campaigns, and also dished out $1.9 million on a “hybrid mobile phone family intervention” aiming to reduce childhood obesity among Latino families living in Los Angeles County.

The report also mentions that HHS spent more than $40 million on influencers to promote getting vaccinated against COVID-19 for racial and ethnic minority groups.

The State Department doled out $244,252 to Stand for Peace in Islamabad to produce a television cartoon series that teaches children in Pakistan how to combat climate change and also spent $1.5 million to promote American films, television shows and video games abroad, according to the report.

The Department of Veterans Affairs (VA) spent more than $1,079,360 teaching teenage ferrets to binge drink alcohol this year, according to Paul’s report.

The report found that the National Science Foundation (NSF) shelled out $497,200 on a “Video Game Challenge” for kids. The NSF and other federal agencies also paid $14,643,280 to make monkeys play a video game in the style of the “Price Is Right,” the report states.

Paul’s 2024 “Festivus” report similarly featured several instances of wasteful federal government spending, such as a Las Vegas pickleball complex and a cabaret show on ice.

The Trump administration has been attempting to uproot wasteful government spending and reduce the federal workforce this year. The administration’s cuts have shrunk the federal workforce to the smallest level in more than a decade, according to recent economic data.

Festivus is a humorous holiday observed annually on Dec. 23, dating back to a popular 1997 episode of the sitcom “Seinfeld.” Observance of the holiday notably includes an “airing of grievances,” per the “Seinfeld” episode of its origin.

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Trump Reportedly Escalates Pressure On Venezuela With Another Oil Tanker Seizure

Published on December 21, 2025

Todayville

From the Daily Caller News Foundation

By Melissa O’Rourke

The U.S. intercepted and seized a vessel in international waters near Venezuela, marking the second such operation in recent weeks, multiple outlets reported Saturday.

The U.S. Coast Guard led the operation with assistance from other branches of the military, U.S. officials told CNN.

The interdiction follows on the heels of the Dec. 10 seizure of a sanctioned tanker off the Venezuelan coast. It also comes just days after President Donald Trump announced a sweeping blockade on all sanctioned oil tankers arriving to or leaving the South American nation, the ruling regime of which he designated a foreign terrorist organization.

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“The illegitimate Maduro Regime is using Oil from these stolen Oil Fields to finance themselves, Drug Terrorism, Human Trafficking, Murder, and Kidnapping,” Trump posted Tuesday on Truth Social. “I am ordering A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela.”

When asked following the first seizure what the U.S. would do with the confiscated oil, Trump said, “Well, we keep it, I guess.”

The operations come amid months of escalating U.S. pressure on Venezuela.

American armed forces have steadily increased their presence and operations in the southern Caribbean off Venezuela’s coast, including numerous strikes on drug smuggling vessels. The buildup has fueled speculation about a potential full-scale confrontation with Maduro or even a material push for regime change.

Trump reportedly offered Maduro a deal in late November to vacate power in exchange for safe passage for him and his family. The U.S. also placed a $50 million bounty on Maduro in August, the largest sum ever offered for a sitting head of state.

In announcing the blockade Tuesday, Trump warned the “illegitimate Maduro Regime” that the “Armada” surrounding the country “will only get bigger, and the shock to them will be like nothing they have ever seen before.” He also demanded that Maduro “return to the United States of America all of the oil, land, and other assets that they previously stole from us.”

Despite the growing pressure, Maduro dispatched two non-sanctioned vessels Thursday carrying oil to China, Reuters reported.

The Coast Guard referred questions on the operation to the White House, which did not immediately respond to the Daily Caller News Foundation’s request for comment.