{"id":554823,"date":"2021-11-15T14:04:45","date_gmt":"2021-11-15T14:04:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/"},"modified":"2021-11-15T14:04:45","modified_gmt":"2021-11-15T14:04:45","slug":"bp-insists-its-not-time-up-for-oil-and-gas-following-cop26","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/","title":{"rendered":"BP insists it\u2019s not time up for oil and gas following COP26"},"content":{"rendered":"

<\/a> Despite net-zero promises, oil and gas is going nowhere:<\/strong> Oil and gas will be part of the global energy mix for the foreseeable future despite decarbonization ambitions from governments and major energy firms, according to the CEO of oil giant (and major global polluter, according to Bloomberg\u2019s<\/a> David Fickling and Elaine He) BP. \u201cIt may not be popular to say that oil and gas is going to be in the energy system for decades to come but that is the reality,\u201d Bernard Looney told CNBC<\/a> today, adding that the focus should be on \u201cdriving emissions down\u201d rather than \u201cideological positions.\u201d BP and other energy firms have been pushing hydrogen as a greener alternative to traditional fossil fuels \u2014 in what some say is a tactic<\/a> meant to delay the inevitable death of carbon-emitting energy sources.<\/p>\n

\u201cPhase-out\u201d vs. \u201cphase-down\u201d: <\/strong>The call from BP for a gentler transition to zero-carbon energy was echoed by plenty of major energy consumers and exporters at the recent COP26 summit. China and India successfully lobbied<\/a> to water down a target to abolish coal use into one to reduce it in the final agreement signed off at the summit \u2018s close on Saturday, while the energy minister of oil-exporter Saudi Arabia told delegates in Glasgow<\/a>, \u201cit is imperative that we recognise the diversity of climate solutions, and the importance of emissions ... without any bias towards or against any particular source of energy.\u201d<\/p>\n

SMART POLICY-<\/strong> Portuguese managers are required by law to leave employees alone after working hours: <\/strong>Companies in Portugal will be forbidden from contacting employees outside of working hours after a law regulating remote working is due to come into force in the coming weeks after it was approved by parliament, Prime Minister Antonio Costa said on Twitter<\/a>. Under the new regulations, employers who fail to \u201cabstain from contacting\u201d workers outside working hours will be in breach of the labor law, but it is unclear what the consequences will entail. Companies will also be required to pay for extra energy and communications costs incurred by their at-home employees while any type of monitoring is prohibited. The laws are all in place to ensure that remote workers are taken care of and don\u2019t feel isolated, with companies expected to organise regular face-to-face meetings to ensure this. However, the specifics of the regulation are still a bit hazy, including how costs at home will be calculated, says the Financial Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite net-zero promises, oil and gas is going nowhere: Oil and gas will be part of the global energy mix for the foreseeable future despite decarbonization ambitions from governments and major energy firms, according to the CEO of oil giant (and major global polluter, according to Bloomberg\u2019s David Fickling and Elaine He) BP. \u201cIt may […]<\/p>\n","protected":false},"author":1,"featured_media":554824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[196,682,7286,633,638,1130,254,391,91,3170,219,1124],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-bp","tag-carbon-footprint","tag-climate","tag-enterprisepm","tag-for-your-commute","tag-green-energy","tag-green-hydrogen","tag-labor-act","tag-oil-and-gas","tag-portugal","tag-saudi-arabia","tag-work-from-home","wpautop","entry"],"acf":{"mongo_id":"197de7d3-9da4-49ad-9fbf-6aeda85c7f67","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/135.png","photo_position":"above","related_issue":[554819],"teaser":"","voice_url":""},"yoast_head":"\nBP insists it\u2019s not time up for oil and gas following COP26 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP insists it\u2019s not time up for oil and gas following COP26\" \/>\n<meta property=\"og:description\" content=\"Despite net-zero promises, oil and gas is going nowhere: Oil and gas will be part of the global energy mix for the foreseeable future despite decarbonization ambitions from governments and major energy firms, according to the CEO of oil giant (and major global polluter, according to Bloomberg\u2019s David Fickling and Elaine He) BP. \u201cIt may […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-15T14:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/135.png?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BP insists it\u2019s not time up for oil and gas following COP26\",\"datePublished\":\"2021-11-15T14:04:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/\"},\"wordCount\":416,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/135.png?fit=%2C&ssl=1\",\"keywords\":[\"BP\",\"carbon footprint\",\"Climate\",\"EnterprisePM\",\"FOR YOUR COMMUTE\",\"green energy\",\"green hydrogen\",\"Labor Act\",\"oil and gas\",\"portugal\",\"Saudi Arabia\",\"Work from home\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/bp-insists-its-not-time-up-for-oil-and-gas-following-cop26\/\",\"name\":\"BP insists it\u2019s not time up for oil and gas following COP26 - 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The 2.6k sq km area has potential for material gas\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542576,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/bp-eni-among-7-companies-to-land-new-oil-gas-exploration-blocks\/","url_meta":{"origin":554823,"position":1},"title":"BP, Eni among 7 companies to land new oil + gas exploration blocks","author":"enterpriseam admin","date":"4 January 2022","format":false,"excerpt":"Seven international energy companies have been awarded eight of the 24 oil and gas exploration blocks included in the government\u2019s bid round held last year, the Oil Ministry said in a statement yesterday. BP, Eni, Apex International, Energean Egypt, United Energy, Ukraine\u2019s INA Naftaplin, and Chile\u2019s Enap Sipetrol all received\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/43.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584310,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/29\/bp-adnoc-team-up-on-bid-for-newmed\/","url_meta":{"origin":554823,"position":2},"title":"BP, Adnoc team up on bid for NewMed","author":"enterpriseam admin","date":"29 March 2023","format":false,"excerpt":"The energy giants want a slice of EastMed gas exports","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/603.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577606,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/bp-gets-two-new-mediterranean-gas-blocks\/","url_meta":{"origin":554823,"position":3},"title":"BP gets two new Mediterranean gas blocks","author":"enterpriseam admin","date":"29 November 2022","format":false,"excerpt":"BP has been awarded gas exploration rights in two offshore blocks in the Mediterranean Sea, the company said in a statement (pdf). The oil and gas giant has now been awarded four blocks so far this year, along with a block extension, \u201cwhich offer the potential for gas discoveries that\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/473.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598429,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/bp-close-to-selling-gupco-stake-to-dragon-oil-for-usd-600-mn\/","url_meta":{"origin":554823,"position":4},"title":"BP close to selling GUPCO stake to Dragon Oil for USD 600 mn","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"M&A WATCH- BP is close to selling its stake in Gulf of Suez Petroleum Company (GUPCO) to Dubai-based Emirates National Oil Company (ENOC) subsidiary Dragon Oil for USD 600 mn, industry and banking sources said, according to Reuters. The move received initial approval from the Oil Ministry. The sources gave\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555223,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/07\/big-global-players-eye-hydrogen-investment-in-egypt\/","url_meta":{"origin":554823,"position":5},"title":"Big global players eye hydrogen investment in Egypt","author":"enterpriseam admin","date":"7 November 2021","format":false,"excerpt":"Eni, General Electric and ThyssenKrupp have all bid to establish hydrogen plants in Egypt, the Arabic-language energy website Attaqa reports, citing what it says are sources familiar with the matter. The bids are worth a collective USD 2 bn and concern facilities that would produce both green and blue forms\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=554823"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554823\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/554819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554824"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554823"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554823"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}