Minister consulted BP over incentives to maximise oil production, FoI reveals
by Damian Carrington Environment editor from on (#6JCPR)
Exclusive: Meeting took place days after BP reported record profits while households were squeezed by high energy bills
The energy and climate minister Graham Stuart asked BP about the incentives required to maximise" extraction of oil and gas from the North Sea, documents released under freedom of information rules have revealed.
Stuart's meeting with the corporation's UK boss, Louise Kingham, last year came days after BP had announced a record profit of $28bn (23bn) for 2022, raised its dividend to shareholders, and rowed back on its aim to cut its carbon emissions by 2030. Households were also enduring very high energy bills. BP will report its profits for 2023 on Tuesday.
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