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
Los Angeles Passes ‘Sanctuary City’ Ordinance In Wake Of Trump’s Deportation Plan
From the Daily Caller News Foundation
The Los Angeles City Council approved an ordinance Tuesday designating the city as a “sanctuary city” following President-elect Donald Trump’s mass deportation plan.
This measure prevents the use of local resources for immigration enforcement and prohibits city agencies from sharing information about undocumented residents with federal immigration authorities, according to The Associated Press. The council voted unanimously, aligning Los Angeles with numerous cities across the U.S. that have adopted similar policies.
The ordinance will undergo a second council vote for procedural reasons as Mayor Karen Bass, who has expressed support for the initiative, holds veto power but is unlikely to use it, AP reported. Councilmember Hugo Soto-Martinez pointed out the city’s firm stance against cooperating with Immigration and Customs Enforcement (ICE).
🚨 President-Elect Trump has named Tom Homan as Border Czar. pic.twitter.com/XNfp4to0Ev
— Daily Caller (@DailyCaller) November 11, 2024
“We’re going to send a very clear message that the city of Los Angeles will not cooperate with ICE in any way,” Soto-Martinez said. “We want people to feel protected and be able to have faith in their government and that women can report domestic violence crimes.”
Soto-Martinez also noted that many immigrants without legal status are integral to the community, working in roles such as housekeepers, nannies, and cooks, AP reported. While the ordinance highlights the city’s values, critics argue that Los Angeles already refrains from cooperating with federal immigration agencies, suggesting the policy may not bring significant operational changes.
Trump announced that former acting ICE Director Tom Homan will take on the role of border czar in his upcoming administration. Homan will oversee border operations, including deportations, security at land and sea entry points, and aviation safety measures.
Trump revealed Monday that he plans to declare a national emergency and deploy military resources to execute his mass deportation agenda. He confirmed reports from Judicial Watch’s Tom Fitton, who claimed the administration is ready to use emergency powers to address what he called the “Biden invasion.”
Daily Caller
“I know three families that have gone to Canada.”: Locals Say Haitians Are Hoofing It Out Of Springfield After Trump Win
From the Daily Caller News Foundation
‘They Are Afraid’
Haitians living in Springfield, Ohio appear to be fleeing the city in droves after President-elect Donald Trump was declared the winner of the election, according to reports from locals.
The national spotlight shined on Springfield, a city of roughly 60,000 residents nestled in central Ohio, for weeks following unverified viral online claims that Haitians migrants had been spotted butchering a pet for consumption. The subsequent uproar about Springfield sparked further media debate about mass migration and its consequences, as Springfield has been dealing with an influx of Haitian migrants in a relatively short amount of time.
“The traffic situation seems to be better now,” longtime resident Barron Seelig said to the Daily Caller News Foundation, referring to widespread accounts from city residents in past months that Haitian drivers are causing mayhem on the roads.
While Seelig did speak about local rumors of impending Immigration and Customs Enforcement (ICE) raids possibly scaring Haitians away, he also mentioned recent crackdowns by highway patrol officers and added that some migrants are leaving because they don’t enjoy the Ohio winters. Another Springfield local told the DCNF that he heard it was virtually impossible to rent a U-Haul truck because so many Haitians are currently renting them — presumably to leave town.
Those who provide services to immigrant services in the city have also said that Trump’s election victory has prompted Haitians to flee en masse.
“Some folks don’t have credit cards or access to the internet, and they want to buy a bus ticket or a plane ticket, so we help them book a flight,” Margery Koveleski, who helps Haitian migrants manage government bureaucracy, told The Guardian. “People are leaving.”
“People are fully aware of the election result, and that is why they are leaving; they are afraid of a mass deportation” Jason Payen, a co-founder of the Haitian Community Alliance, said to the Guardian.
“Several of my customers have left. One guy with his family went to New Jersey; others have gone to Boston,” Payen continued. “I know three families that have gone to Canada.”
Trump, for his part, has vowed to embark on a border enforcement agenda that will apply to the entire country.
During the campaign, Trump pledged to continue building the U.S.-Mexico border wall, revive the Remain in Mexico program, hire more border patrol agents and conduct the “largest deportation program in American history,” and end birthright citizenship for those born on U.S. soil to illegal migrant parents.
Trump said in October that he would revoke Temporary Protected Status (TPS) for Haitian nationals and “bring them back” to the country. The Biden-Harris administration has provided TPS — which temporarily gives deportation protections to its designees — to hundreds of thousands of Haitian nationals currently living in the U.S.
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