Bernard Looney, CEO of BP, speaks during the 2023 CERAWeek by S&P Global conference in Houston, March 7, 2023.
F. Carter Smith | Bloomberg | Getty Images
BP chief executive officer Bernard Looney has resigned after less than four years on the job, the London-based oil producer announced Tuesday.
Looney took over as CEO of BP in 2020 after previously leading BP’s Upstream group, focused on exploration and production. The resignation of Looney is effective immediately. The company’s Chief Financial Officer Murray Auchincloss will serve as interim CEO, BP said.
The change comes as Looney informed the company that he was not “fully transparent in his previous disclosures” about relationships with colleagues prior to becoming CEO, BP said.
“The Company has strong values and the Board expects everyone at the Company to behave in accordance with those values. All leaders in particular are expected to act as role models and to exercise good judgement in a way that earns the trust of others,” BP said in a statement.
Previous investigations into Looney’s relationships with colleagues found no break of BP’s code of conduct, but new investigations are ongoing, the company said.
The news of the resignation was first reported by the Financial Times.
U.S.-traded shares of BP closed down 1.3% Tuesday after climbing as much as 2.9% earlier in the session.
How shares of BP reacted to a report that CEO Bernard Looney resigned.
When Looney was promoted to CEO, board chair Helge Lund praised the executive as the right choice to lead BP during a transitional era away from fossil fuels and toward renewables.
Looney took over the role near the beginning of the Covid-19 pandemic, which led to a sharp sell-off for energy stocks, including BP. The U.S.-traded shares of the company are roughly flat since January 2020.
The company’s most recent quarterly report showed a sharp drop in profit, as oil prices had declined since 2022. BP did however hike its dividend and authorize a stock buyback.
BP also faced pressure from activists and shareholders earlier this year after rolling back some of its emission reduction targets.
Looney told CNBC’s “Squawk Box” on Aug. 1 that the change in targets was due in part to energy security concerns that arose last year. He said the company had also increased its spending on renewables and was pursuing an “and, not or” strategy in connection with energy production sources.
“We believe that’s what the world needs, and we believe that’s what’s good for our shareholders,” Looney said.
The Kia EV4 will be “delayed until further notice” in the US, according to a Kia rep and reported by InsideEVs. Kia said the change is because “market conditions for EVs have changed.”
The EV4 was expected to be released in 2026 at a price in the ~$30k range, entering Kia’s model like alongside the existing EV3 as the smaller, more affordable electric models below the EV6 and EV9. The EV4 will have the style of a boxy sedan, while the EV3 is a small SUV.
The EV3 is already available in Korea, Europe and other territories, but has not made it to the US (and may not ever).
Bringing that car to a US auto show with an official reveal suggested that the US would get access to this smart, more affordable Kia. And Kia said that the car would hit US roads in early 2026, which would have been just a few months from now.
Kia abruptly “delays” EV4’s introduction to the US
But now, a Kia rep has confirmed that the car won’t come to America after all, at least until further notice. Kia gave a statement to InsideEVs, saying:
“Kia’s full range of vehicles offers meaningful value and inspiring performance to customers. However, as market conditions for EVs have changed, the release of the upcoming EV4 electric sedan will be delayed until further notice.”
We reached out to Kia to confirm, and received the same statement back.
The reversal is a bit of a surprise, and we’re not sure why we’re hearing this today in particular. Heck, we wrote a story about the EV4 GT’s interior just a couple hours ago.
So, unfortunately it looks like Americans will have one less potential choice to get away from the land-yacht disease currently infecting our populace. For what it’s worth, the EV4 is still listed as “coming 2026” on Kia Canada’s website.
We’ve seen models get delayed suddenly before, and while Kia did not directly say that the model will never come to the US, the fate of other “delayed” EV models in the past does not give us significant hope. Usually, a “delay” like this ends up meaning that the car just won’t ever make it to US roads (see: VW ID.7, Gen 2 Kia Soul EV, Ram 1500 EV, and others).
While Kia did not state a specific reason for the reversal, it’s not hard to guess what some of the influences are.
Electrek’s Take – EV4 likely delayed due to US policy changes favoring higher costs, dirty air
Many companies have recently cited a claimed but not substantiated lack of EV demand in the US as reasons for delaying their EV ambitions. To be clear, EVs have seen a long string of consistent sales growth in the US, stretching back more than a decade (with only a few interruptions to that growth, the largest being the start of COVID).
But this likely drop in demand is hitting right around the same time the EV4 was supposed to launch in the US, so it’s not unreasonable for Kia to look at a market in a temporary downswing, especially when considering all the other factors laid out above (and the country’s current hostility to foreign investment, specifically investment from Kia’s partner company Hyundai), and wonder why they’ve gotten cold feet right now of all times.
While Kia didn’t lay out these reasons above in its statement, it sure seems likely that each of them could have had an effect on this decision.
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New data from the Solar Energy Industries Association (SEIA) shows that the US solar supply chain has been fully reshored, with manufacturing capacity growing across every part of the solar and storage sector.
A US solar system from start to finish
With Hemlock’s new ingot and wafer facility coming online in Q3 2025, the US can now produce every major solar component domestically, from polysilicon to modules. According to SEIA, 65 new or expanded solar and storage factories have come online this year, bringing $4.5 billion in private investment to US communities.
However, SEIA warns that more than 100 factories and $31 billion in the pipeline could be at risk if the Trump administration continues its attacks on solar energy.
Solar manufacturing is booming – for now
The SEIA Solar & Storage Supply Chain Dashboard reports major capacity growth across every segment since late 2024. As of October 2025, US module production capacity has surpassed 60 gigawatts (GW), a 37% increase from December 2024. Solar cell production has more than tripled, jumping from 1 GW to 3.2 GW.
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Battery cell manufacturing for stationary storage has climbed to over 21 gigawatt-hours (GWh), which SEIA says is enough to power the city of Houston from sunset to sunrise.
“This growth is a testament to the power of American innovation,” said Abigail Ross Hopper, SEIA’s president and CEO. “We’re building factories, hiring American workers, and showing that solar energy means made-in-America energy.”
Inverter manufacturing, which converts solar power into usable electricity, has jumped nearly 50% since the end of 2024, rising from 19 GW to 28 GW of capacity. Mounting system production is also up 14%, with 23 new factories added since 2024.
A pipeline under political threat
The US solar pipeline remains strong, with 23 GW of new module capacity, 34 GW of cell capacity, 25 GW of inverter capacity, and 95 GWh of battery cell capacity either under construction or announced. But SEIA says that Trump administration policies, regulations, and trade actions are creating uncertainty that could hurt progress.
“We’re seeing strong growth today, but that momentum isn’t guaranteed,” Hopper said. “If the administration continues down this path, they risk driving investment overseas, stifling job creation, raising costs on consumers, and handing America’s manufacturing advantage to our competitors.
“If the administration does not reverse its harmful actions that have undermined market certainty, energy costs will rise even further, and the next wave of factories and jobs could be at risk.”
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Kia’s electric hot hatch will be here before you know it. After getting a sneak peek of the EV4 GT’s interior for the first time, it looks a bit familiar.
First look at the Kia EV4 GT’s interior
Kia’s bringing the hatchback back in style. The EV4 is Kia’s first all-electric hatchback, also available as a sedan or fastback.
Although it’s already pretty cool-looking with Kia’s new design elements like the Digital Tiger Face grille, Star Map Lighting, and aggressive stance, the GT version promises even more style, performance, and fun features.
Kia revealed the electric hot hatch for the first time earlier this week, showcasing its new GT Wrap. The new foil design “infuses models in development with the energy and attitude that define Kia’s GT production models.”
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By reimagining the Gran Turismo for a new generation of drivers, Kia said it’s bridging the gap between its heritage and future innovation. The GT Wrap will be used for a new generation of Kia performance vehicles. It still features the signature neon color, which has become a “symbol of electricity,” Kia said.
Now, we are getting our first look at the interior. The video from HealerTV offers a closer look at the EV4 GT’s interior, free of camouflage.
Right off the bat, you can see this is clearly a Kia GT. It has about the same setup as the EV9 GT and EV6 GT, including the steering wheel, infotainment, and seat design.
Kia EV9 GT interior (Source: Kia)
The EV4 GT’s interior is essentially a blend of the regular EV4 and the EV9 GT. One slight difference is that the GT’s armrest has storage space rather than just a flat surface.
The back seats also look about the same as Kia’s other GT models. It appears to include ambient lighting on the door panel and back of the driver’s seat, like the EV9 GT.
Kia EV4 GT prototype with “GT Wrap” design (Source: Kia)
Although it has similar features, HealerTV noted that the EV4 GT still has a unique interior and decent design, which should help differentiate it. According to Autocar, which saw it firsthand, the interior “received a significant makeover” with lower-sitting seats, neon green accent colors throughout, and an added GT Mode button on the steering wheel.
Like Kia’s other GT vehicles, the electric hot hatch will be equipped with a dual-motor, all-wheel-drive (AWD) powertrain with around 400 horsepower.
The EV4 GT will launch in 2026, joining the EV6 GT and EV9 GT in Kia’s expanding performance EV lineup. Looking ahead, the EV3 and EV5 are also in line for a GT upgrade.
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