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Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production.

In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn).

Funding for further oil and gas extraction will grow to $10bn (£7.9bn) annually as the business shifts focus back to its original mission of extracting fossil fuels.

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New “major” oil and gas projects are to start by the end of 2027 with eight to 10 more to begin by the end of 2030.

The company also said it will have “selective” investment in biogas, biofuels and electric vehicle (EV) charging and “capital-light partnerships” in renewables like wind and solar.

Under the tenure of old chief executive Bernard Looney, BP had dropped its 2020 goal of cutting production, revising it down in 2023 from 40% to 25%. The aim of dropping its oil and gas output by 2030 has been axed.

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The International Energy Agency has said no new fossil fuel project is compatible with the globally accepted goal of limiting warming to 1.5C.

But BP now aims to grow production to 2.3 million to 2.5 million barrels of oil a day in 2030.

Why is this happening?

“Today we have fundamentally reset BP’s strategy,” chief executive Murray Auchincloss said.

“This is all in service of sustainably growing cash flow and returns.”

This latest scaleback comes as BP faces pressure from activist investor Elliott Management, which reportedly took a 5% share of the company.

Elliott is renowned for forcing changes in companies to increase the share price and was reportedly pushing for a sale of BP’s renewable arm.

BP’s share price had dipped below the all-time high in February 2023 and company profits have come off the record level in 2022.

Dividends and company performance have been lower at BP than at its energy-producing peers.

The current CEO Mr Auchincloss announced plans in January to cut BP’s workforce by 5% – reducing the headcount by 4,700 – as he sought to achieve $2bn (£1.62bn) of cost savings.

It comes as the world breached the key 1.5-degree threshold in the 12 months from June 2023 to May 2024.

Countries including the UK signed up to the Paris Agreement to limit global warming to the 1.5 target.

There’s been a sector-wide retreat from green investment, however, as US President Donald Trump pledged to “drill baby drill”.

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Starmer to announce formal recognition of Palestine as a state

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Starmer to announce formal recognition of Palestine as a state

The UK will formally recognise Palestine as a state, it is understood.

Sir Keir Starmer is expected to make the announcement on Sunday after he said in July that the government would make the move unless Israel met certain conditions.

The prime minister had called on Benjamin Netanyahu’s government to take substantive steps to end the “appalling situation in Gaza“, agree to a ceasefire, commit to a long-term sustainable peace, allow the UN to restart the supply of aid, and not annex the West Bank.

The Israeli foreign ministry furiously rejected his statement, with Mr Netanyahu claiming that “Starmer rewards Hamas‘s monstrous terrorism and punishes its victims”.

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Could recognition of Palestine change the West Bank?

Ilay David, brother of Hamas hostage Evyatar David, who was seen emaciated in a video last month, said giving recognition was “like saying to Hamas: ‘It is OK, you can keep starving the hostages, you can keep using them as human shields.’

“This kind of recognition gives Hamas power to be stubborn in negotiations. That is the last thing we need right now.”

There has been no ceasefire, and the situation in Gaza has deteriorated, with a declaration of a famine in Gaza City and the expansion of Israeli military operations.

Israel has launched a major ground offensive to seize all of Gaza City and destroy Hamas in an operation which has prompted widespread condemnation, with UK Foreign Secretary Yvette Cooper calling it “utterly reckless and appalling”.

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What changed in UK’s Gaza policy?

Earlier this month, a UN commission of inquiry concluded that Israel has committed genocide against Palestinians in Gaza. Israel said the claim was “distorted and false”.

The UK will join 147 of the 193 members of the UN who recognise Palestine ahead of the UN General Assembly in New York on Monday.

Other nations, including France, Australia and Canada, have said they plan to take the same step at the UN gathering as part of a broad international effort to put pressure on Israel.

During a joint news conference with the prime minister at Chequers on Thursday, Donald Trump said he disagreed with recognition, and US politicians have urged the UK and other allies to reverse their stance.

Sir Keir Starmer is expected to deliver the announcement on Sunday. Pic: PA
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Sir Keir Starmer is expected to deliver the announcement on Sunday. Pic: PA

Sky News understands that Israel is considering options in response to the UK’s decision, but the strength of that reaction is still under consideration.

Read more:
Palestinian minister says UK recognition of state would be ‘courageous step’
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Family members of some of the 48 hostages still in captivity, after Hamas and other militant groups stormed into Israel on 7 October 2023, have written an open letter to Sir Keir, condemning the move.

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Israel ramps up attacks on Gaza City

“Hamas has already celebrated the UK’s decision as a victory and reneged on a ceasefire deal,” they said.

“We write to you with a simple plea – do not take this step until our loved ones are home and in our arms.”

The UK government is understood to be looking at further sanctions on Hamas, and has demanded the group release all hostages, agree to an immediate ceasefire, accept it will have no role in governing Gaza, and commit to disarmament.

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Heathrow among major airports hit by delays after cyber attack

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Heathrow among major airports hit by delays after cyber attack

Heathrow was among a number of major airports across Europe hit by delays after a suspected cyber attack that targeted a service provider for check-in and boarding systems.

The “technical issue” affecting Collins Aerospace, which provides check-in and boarding services for various airlines, resulted in 14 flights being cancelled at Brussels Airport on Saturday, and several more being delayed at London Heathrow, Berlin, and Dublin, among others.

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Passengers have reported being unable to check in online, instead queuing for hours for staff to deal with them manually at desks and departure gates, only to be told their flights are not taking off.

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Helen Steel, 49, left Dorset for Heathrow at 3am to travel home to Oslo, with her cat Thomas – but was “shouted at by staff” who told her she would not be able to fly until Sunday.

Describing the situation as an “absolute nightmare”, she said: “I’ve got an animal here, so I’m very concerned about his welfare.

“I’ve been shouted at twice and I broke down in tears because I was worried about him. None of us have had any information whatsoever. Whenever we ask ground staff, they shout at us.”

Ms Steel says she spent two hours in the queue on the phone to customer service and is now having to find a hotel to stay in overnight.

Sam arrived at Heathrow expecting to drop his girlfriend off for her flight to Rio de Janeiro – but was still at the airport seven hours later.

Sam has been at Heathrow for seven hours after his girlfriend's flight to Rio was cancelled
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Sam has been at Heathrow for seven hours after his girlfriend’s flight to Rio was cancelled

When they arrived, it was “chaos everywhere”, he told Sky News, with “nobody seeming to know what was going on”.

The couple say they were not told about the cyber attack by airport staff, finding out about it online instead.

After queuing for three hours, they made it to the front, only to be told the plane was not taking off, he adds.

“Her flight was at 8.40am and it was held back until 10.15am. At 10.10am they sent everyone away and told them to contact the airline. But there are no representatives for any airlines whatsoever. It’s been a bit of a farce.

“Nobody knew where they were going – and they were sending people left, right, and centre.

“She’s going tomorrow now, but we’ve got to find a hotel, and no one is here to give us any hotel vouchers. They just give you a piece of paper and say ‘you’ve got to pay for it yourself’.”

Passengers wait for news at Heathrow Terminal 4. Pic: PA
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Passengers wait for news at Heathrow Terminal 4. Pic: PA

‘Insane queues’ and ‘skeleton staff’

Passenger Tereza Pultarova waited around 10 hours at Heathrow after she arrived at 4.30am for her flight to Cape Town via Amsterdam.

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Tereza Pultarova had to wait 10 hours at Heathrow

“We were kind of stranded here because KLM wasn’t able to issue us boarding passes digitally, and requested us to collect them at the check-in desk,” she said.

“And then they told us that there is some sort of global issue with the system they’re using for check-in and boarding, and they have to do everything manually. So then they were checking in people at the rate of, like, one person per 10 minutes.

“I’m not exaggerating. It was just insane, the queue wasn’t moving. And then suddenly they said, ‘Oh, the flight will be departing, we’re closing the gate’.

Maria Casey was due to fly to Thailand with Etihad Airways – but had to wait three hours to drop off her luggage at Heathrow, with staff taking between five and 10 minutes to deal with each passenger.

Queues at Heathrow. Pic: PA
Image:
Queues at Heathrow. Pic: PA

“The queues are terrible,” she told Sky News. “It was an absolute skeleton staff. Out of six of the desks there were probably two people”.

A Heathrow spokesperson advised people to arrive no more than three hours early for a flight and apologised for any inconvenience.

It is understood British Airways at Terminal 5 remains unaffected and is operating as normal.

Collins Aerospace said it is working to resolve the issue as soon as possible.

“We have become aware of a cyber-related disruption to our Muse (Multi-User System Environment) software in select airports, the firm said in a statement.

“The impact is limited to electronic customer check-in and baggage drop and can be mitigated with manual check-in operations. We are actively working to resolve the issue and restore full functionality to our customers as quickly as possible.”

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‘Delighted to be free’: Elderly British couple who were detained by Taliban arrive in UK

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'Delighted to be free': Elderly British couple who were detained by Taliban arrive in UK

An elderly British couple who have arrived back in the UK after being detained in a maximum security Taliban prison are “delighted to be free”, their son has told Sky News.

Barbie Reynolds, 76, and her husband Peter, 80, were arrested in February after spending decades in Afghanistan, where they have dual citizenship.

They had been held without charge before being released from detention on Friday and flown to Qatar, where they were reunited with their daughter, before flying back to Heathrow Airport on Saturday.

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Freed couple reunites with daughter

The couple’s son, Jonathan Reynolds, told Sky News: “They’re just delighted to be free… they’re very excited to see their kids and grandkids and great grandkids, people they’ve just been wanting to catch up with and wondered if they’d ever see them again.”

Jonathan, who spoke to his parents from Wyoming in the US in a FaceTime call with some of his siblings, said: “I’ve seen photographs of them in hospital beds getting checked. I’ve seen them having full English breakfasts. So they’re jumping on that.”

Peter Reynolds enjoys breakfast after his release
Image:
Peter Reynolds enjoys breakfast after his release

He described some of the conditions his parents had been kept under in a “big maximum security prison with thousands of inmates”.

“My dad described being handcuffed or chained to other criminals. And, one point he had his chest hairs ripped out,” he said.

More on Afghanistan

“He was hit in the head. And, then they were moved, to more of a safe house.”

Peter Reynolds gets hospital check-up
Image:
Peter Reynolds gets hospital check-up

But Jonathan said his parents retained their British politeness even when calling him from a payphone in the prison yard, with his dad asking: “Is now a good time?”.

“It was totally, ‘Yeah, not too bad. Where’s the queue to get out of here?'”

The UK government advises British nationals not to travel to Afghanistan.

Abdul Qahar Balkhi, a spokesperson at the Taliban government’s foreign ministry, said in a statement posted on X that the couple “violated Afghan law” and were released from prison after a court hearing.

He did not say what law the couple were alleged to have broken.

Sky correspondent Cordelia Lynch was at Kabul Airport as the freed couple arrived and departed.

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Sky’s Cordy Lynch speaks to released couple

Mr Reynolds told her: “We are just very thankful.”

His wife added: “We’ve been treated very well. We’re looking forward to seeing our children.

“We are looking forward to returning to Afghanistan if we can. We are Afghan citizens.”

The couple have lived in Afghanistan for 18 years and run an organisation called Rebuild, which provides education and training programmes.

They have been together since the 1960s and married in the Afghan capital in 1970.

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