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Climate activists light flares and hold banners during a protest outside the InterContinental London Park Lane hotel on the first day of the International Energy Week conference in London on February 28, 2023.

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LONDON — BP CEO Bernard Looney on Tuesday sought to defend the firm’s fossil fuel spending plans, reaffirming the need for an “orderly” energy transition and highlighting the oil giant’s commitment to net-zero emissions by 2050.

His comments came shortly after dozens of protesters blocked an entrance to the InterContinental London Park Lane hotel on the first day of International Energy Week, a global energy conference that brings together senior figures from across the industry.

Holding banners reading “Climate Criminals Enter Here” and “No New Oil,” activists from climate action group Fossil Free London gathered outside the luxury hotel to protest BP’s continued fossil fuel investment. Their chants could be heard throughout the opening sessions of the conference.

“Energy is the lifeblood of society,” BP’s Looney said as he addressed those in attendance.

“An energy system that works is one that provides energy that is secure and affordable as well as lower carbon — what’s known as the energy trilemma,” Looney said.

“It is a complex and, indeed, it is a massive challenge,” he continued. “To solve it, action is clearly needed to accelerate the energy transition and at the same time, that transition has got to be orderly. We need to do both. We need to invest in the energy transition and — not or — we need to invest in today’s energy system, which is predominantly an oil and gas system.”

Holding banners reading “No New Oil,” activists from climate action group Fossil Free London blocked an entrance to the InterContinental London Park Lane hotel on the first day of International Energy Week.

Justin Tallis | Afp | Getty Images

Earlier this month, BP reported record 2022 earnings to join a profit bonanza for Big Oil. The company also prompted anger from activist investors and campaigners as it announced plans to scale back its climate ambitions.

The British energy major raked in net profit of $27.7 billion last year, more than double its 2021 total, as fossil fuel prices surged following Russia’s invasion of Ukraine.

BP’s Looney sought to defend the company from criticism at the time, saying the company was “leaning in” to its strategy to provide the world with the energy it needs.

He announced BP would spend up to $8 billion more investment into the energy transition this decade and up to $8 billion more on oil and gas in support of energy security and affordability this decade.

BP’s three objectives

BP, which was one of the first energy giants to announce an ambition to cut emissions to net zero “by 2050 or sooner,” had pledged emissions would be 35% to 40% lower by the end of the decade. It said on Feb. 7, however, that it was now targeting a 20% to 30% cut, saying it needed to keep investing in oil and gas to meet demand.

When asked on Tuesday what he would say to the activists chanting in protest over BP’s spending plans, Looney replied, “I think the way we see our role, it may not be perfect but it’s the way we see our role in life … is to do three things.”

“We invest our cashflows, we pay taxes and we return value to our shareholders. That’s kind of the three things that we do in this space,” Looney said.

The extraordinary scale of the oil and gas industry’s earnings has renewed criticism and sparked calls for higher taxes.

Sopa Images | Lightrocket | Getty Images

BP’s CEO said the company invested $16 billion last year and was prepared to increase investment into both today’s energy system and the energy transition. He added the energy major paid $15 billion in taxes in 2022, describing that as “the highest taxes BP has ever paid in its 113-year history.”

“And then finally … we have to take care of our shareholders,” Looney said. “I think there is a narrative that shareholders are somehow faceless institutions. They are far from it. Millions and millions of people around the world depend on BP’s shares and dividends … and companies like ours for their livelihoods.”

BP earlier this month boosted its dividend by 10% to 6.61 cents per ordinary share.

“That’s how we look at our role in life,” Looney said. “We have to listen to people. We have to put ourselves in the other person’s shoes and try to understand their point of view. But at the end of the day, we have to boil down what we do into those three things.”

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Elon Musks doubles down on never making a Tesla motorcycle

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Elon Musks doubles down on never making a Tesla motorcycle

We’ve heard it before, that Elon Musk doesn’t want Tesla to ever make an electric motorcycle. But the polarizing CEO has taken to social media to explain why he still says it will never happen.

As Musk confirmed, the issue isn’t that he doesn’t think Tesla could build an electric motorcycle, but rather that he doesn’t think they are safe to begin with.

He replied, “Never happening, as we can’t make motorcycles safe,” in response to an AI video about a fake Tesla motorcycle uploaded to his X platform (formerly Twitter).

Musk then referenced a previous story he has told several times about how he was nearly killed by a truck while riding a motorcycle in his youth.

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Though he seemed to direct his feelings more towards street motorcycles. “Dirt bikes are safe if you ride carefully,” continued Musk, “as you can’t be smashed by a truck.”

Tesla’s own Autopilot features have long been criticized for their danger to motorcyclists, with several high-profile deaths caused by Tesla vehicles striking motorcycles while operating under Autopilot. Many have suggested that the company’s vision-focused self-driving setup confuses the more narrowly spaced paired tail lights on the back of cruiser motorcycles for a car farther in the distance, potentially explaining why Teslas have repeatedly rear-ended motorcyclists, with fatal results.

The electric motorcycle industry may not get a Tesla halo anytime soon, but it’s hardly standing still. Legacy brands like Honda, BMW, and Kawasaki are finally rolling out real production models, while companies such as Zero and LiveWire continue pushing the segment forward with higher performance and growing dealer support. Smaller companies like Ryvid have jumped to meet the demand for affordable commuter-focused motorcycles, while Asia’s giants such as Yadea and NIU are flooding the market with affordable scooters, driving global adoption far faster than in the US.

It appears that even without Tesla, electric motorcycling is expanding rapidly, innovating quickly, and attracting more riders every year.

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Double your chances in Climate XChange’s 10th Annual EV Raffle!

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Double your chances in Climate XChange's 10th Annual EV Raffle!

Climate XChange’s Annual EV Raffle is back for the 10th year running – and for the first time ever, Climate XChange has two raffle options on the table! The nonprofit has helped lucky winners custom-order their ideal EVs for the past decade. Now you have the chance to kick off your holiday season with a brand new EV for as little as $100.

About half of the raffle tickets have been sold so far for each of the raffles – you can see the live ticket count on Climate XChange’s homepage – so your odds of winning are better than ever.

But don’t wait – raffle ticket sales end on December 8!

Climate XChange is working hard to help states transition to a zero-emissions economy. Every ticket you buy supports this mission while giving you a chance to drive home your dream EV.

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Here’s how Climate XChange’s 10th Annual Raffle works:

Image: Climate XChange

The Luxury Raffle

  • Grand Prize: The winner can choose any EV on the market, fully customized up to $120,000. This year, you can split the prize between two EVs if the total is $120,000 or less.
  • Taxes covered: This raffle comes with no strings – Climate XChange also pays all of the taxes.
  • Runner-up prizes: Even if you don’t win the Grand Prize, you still have a chance at the 2nd prize of $12,500 and the 3rd prize of $7,500.
  • Ticket price: $250.
  • Grand Prize Drawing: December 12, 2025.
  • Only 5,000 tickets will be sold for the Luxury Raffle.

The Mini Raffle (New for 2025)

  • Grand Prize: Choose any EV on the market, fully customized, up to $45,000. This is the perfect raffle if you’re ready to make the switch to an EV but aren’t in the market for a luxury model.
  • Taxes covered: Climate XChange pays all the taxes on the Mini Raffle, too.
  • Ticket price: $100.
  • Only 3,500 tickets will be sold for the Mini Raffle.

Why it’s worth entering

For a decade, Climate XChange has run a raffle that’s fair, transparent, and exciting. Every ticket stub is printed, and the entire drawing is live-streamed, including the loading of the raffle drum. Independent auditors also oversee the process.

Plus, your odds on the Luxury and Mini Raffles are far better than most car raffles, and they’re even better if you enter both.

Remember that only 5,000 tickets will be sold for the Luxury Raffle and only 3,500 for the Mini Raffle, and around half of the available tickets have been sold so far, so don’t miss your shot at your dream EV!

Climate XChange personally works with the winners to help them build and order their dream EVs. The winner of the Ninth Annual EV Raffle built a gorgeous storm blue Rivian R1T.

How to enter

Go to CarbonRaffle.org/Electrek before December 8 to buy your ticket. Start dreaming up your perfect EV – and know that no matter what, you’re helping accelerate the shift to clean energy.

Who is Climate XChange?

Climate XChange (CXC) is a nonpartisan nonprofit working to help states pass effective, equitable climate policies because they’re critical in accelerating the transition to a zero-emissions economy. CXC advances state climate policy through its State Climate Policy Network (SCPN) – a community of more than 15,000 advocates and policymakers – and its State Climate Policy Dashboard, a leading data platform for tracking climate action across the US.

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This fun-vibes Honda Cub lookalike electric scooter is now almost half off

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This fun-vibes Honda Cub lookalike electric scooter is now almost half off

The CSC Monterey – one of the most charming little electric scooters on the US market – has dropped to a shockingly low $1,699, down from its original $2,899 MSRP. That’s nearly half off for a full-size, street-legal electric scooter that channels major Honda Super Cub energy, but without the gas, noise, or maintenance of the original.

CSC Motorcycles, based in Azusa, California, has a long history of importing and supporting small-format electric and gas bikes, but the Monterey has always stood out as the brand’s “fun vibes first” model. With its step-through frame, big retro headlight, slim bodywork, and upright seating position, it looks like something from a 1960s postcard – just brought into the modern era with lithium batteries and a brushless hub motor.

I had my first experience on one of these scooters back in 2021, when I reviewed the then-new model here on Electrek. I instantly fell in love with it and even got one for my dad. It now lives at his place and I think he gets just as much joy from looking at it in his garage as riding it.

You can see my review video below.

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The performance is solidly moped-class, which is exactly what it’s designed for. A 2,400W rear hub motor pushes the Monterey up to a claimed 30 mph or 48 km/h (I found it really topped out at closer to 32 mph or 51 km/h), making it perfect for city streets, beach towns, and lower-speed suburban routes.

A 60V, roughly 1.6 kWh removable battery offers around 30–40 miles (48-64 km) of real-world range, depending on how aggressively you twist the throttle. It’s commuter-ready, grocery-run-ready, and campus-ready right out of the crate.

It’s also remarkably approachable. At around 181 pounds (82 kg), the Monterey is light for a sit-down scooter, making it easy to maneuver and park. There’s a small storage cubby, LED lighting, and the usual simple twist-and-go operation. And it comes with full support from CSC, a company that keeps a massive warehouse stocked with components and spare parts.

My sister has a CSC SG250 (I’m still trying to convert her to electric) and has gotten great support from them in the past, including from their mechanics walking her through carburetor questions over the phone. So I know from personal experience that CSC is a great company that stands behind its bikes.

But the real story here is the price. Scooters in this class typically hover between $2,500 and $4,500, and electric retro-style models often jump well above that.

At $1,699, the Monterey is one of the least expensive street-legal electric scooters available from a reputable US distributor, especially one that actually stocks parts and provides phone support.

If you’ve been curious about swapping a few car errands for something electric – or you just want a fun, vintage-styled runabout for getting around town – this is one of the best deals of the year.

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