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tv   BBC News  BBC News  February 26, 2025 9:00am-9:33am GMT

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a big u—turn at bp — the struggling oil giant is expected to refocus its efforts on oil and gas after years of ramping up renewables investment. skywatchers will be lucky enough to catch we'll tell you all you need to know. hello, i'm kasia madera. helps "shape" long—term peace. ukraine says it has reached an agreement that will give the united states access to its natural mineral resources. details still remain unclear about exactly what each side will get, but officials in kyiv say they see it as a good outcome.
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he visits washington on friday. joe inwood reports. to its continued fight? in february, he showed these previously secret maps graphite and lithium are essentialfor making these minerals, along with other rare earths, for access to these minerals. it's not known exactly what the terms are, but it's have been removed.
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speaking in his nightly address, president zelensky certainly it's ok with me if he'd like to, and he would like to sign it together with me. and i understand that it's a big deal, a very big deal. by explicitly linking us support to mineral rights, about the shared values of the fight, but about the value to be found in their land. joe inwood, bbc news. james, arguably the of what is in deal are
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what is in this deal are can tell scarce, but what can you tell us? ~ ., ., scarce, but what can you tell us? . ., ., ., scarce, but what can you tell us? ~ ., ., ., ., us? well, there are a lot of re orts us? well, there are a lot of reports are _ us? well, there are a lot of reports are swirling - us? well, there are a lot of reports are swirling around| us? well, there are a lot of. reports are swirling around as what this deal to what this deal entails. first there is a real hope first off, there is a real hope here that this could be the of more cooperation start. ef mere, gggpgratignr— ,, ,,,,, ukraine and the start ef mere seeperatienrr ~ ,,,., ukraine and the us. i between ukraine'endfthe us. i if it is signed friday think; if it ie: eianee er! frieee' www”..- it think. if it ie eianee en f�*ieeg ~ ~ ~ 7 itjust allow then itg'ust might allow, , to exist russia ukraine to exist with russia continuing to occupy its 7-7 reports suggest we territory. reports suggest we are talking about a pot of territory. reports suggest we are ta that about a pot of territory. reports suggest we are ta that will ut a pot of territory. reports suggest we are ta that will have rot of cash. that will have contributions from ukraine's natural mineral profits, so the natural mineral profits. so the will go into this huge money will go into this huge that both america and pot that both america and ukraine own and it be ukraine own and it will be invested to help ukraine's economy infrastructure mum in the [on term. that recover in the long term. that on the surface appears to be what we are about. but what we are talking about. but what we are talking about. but what it does not have, whet it does not have. these reports, whet it does not he'v'e. these reports, our guarantees 3&5“st ausisfitsssfm ' president ewc —— ukraine. president ewc —— president zelensky has long
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called supplies, called for supplies, ammunition and weaponry to help it survive help it fthe event of and help it in the event of russia re—invading down ”filinei w " n line after a is the line after a ceasefire is signed. but i think there is a hope that because donald reel. heee thet beceuee donald ——— ——————— — — 7—— is part of this agreement qiligive" 77 w ' willigiveihimh 77 w will give him a 77 will give him a stake, a m files r; s gets; s stake t as“ files r; s gets; s stake in t is“ 5's; r; s gets; s stake in ukraine, ' eight" 7 ' might 72; want to that might make him want to stepped in, if this intervene, stepped in, if this war was to reignite. are that this deal expectations are that this deal will be signed on by will be signed on friday by zelensky alongside donald 7 it is. there has been a fume" ff hostile trume’ "7 n 7 hostili-ckdro. need ourselves j ourselves that we remind ourselves that over the last two donald trump calledpres|dent " £77: calledpresident zelensky a has called president zelensky a dictator who is doing a lousy job. the insults have become job. the insults—have become personal, he called him almost personal, he called him almost personal, he called him a moderately successful comedian, his comedian, referencing his previous career. crucially for ukraine he has a very warm ukraine he has used a very warm tone of language with russia,
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acknowledging how it, in his word, holds the cars any word, holds the cars in any peace negotiation. nevertheless, president nevertheless; presidueet' , ~ is going nevertheless; presidueet' , . , , ~ is going to washington zelensky is going to washington he will stand to and he will stand and speak to donald trump and posed before signing this he fifififfififififi? ii??? s'fifi'fifi fee he has been 555555155555 555555 5155515555 he has been shy eereereertt. he has net beahfj'ul ——— e— w. ——— about eereereeet. he has net beener we be ,.. ”7 about the eereereertt. he has net beahfj'ul ——— e— w. ——— about the state eereereeet. he has net beenrjul we 7” ,.. ”7 about the state of eereereenet. he has net beenrjue we eee eee eee about the state of their —= i; "was ii; héu'ra’hév’efi initially he said would have equated to selling the state. this part of a broader = effort. is part of peace effort. this is part of america trying to commercially in ukraine. 7 in ukraine. the j in ukraine. the moral j invest in ukraine. the moral argument is behind us as to why argument ieeeehineeue es te wh�*f are at argument ieeeehineeue es te why are at supporting argument ieeeehiheeue es te why are at supporting ukraine. 7.77 7 77 7 7 7it about how 7 7 it about how that mixes -7— with is on this in with where russia is on this and �* both sides, ukraine and and how both sides, ukraine and russia, eventually agree rngssia, could eventually agree some kind rygssia, could eventually agree some kind of lasting but the feeling here ceasefire. but the feeling here is that it is all about what is going to be in the of agreement. has been this agreement. there has been a bit of a political rallying behind president zelensky after the criticism he has faced,
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behind president zelensky after ti has iticism he has faced, but behind president zelensky after ti has really he has faced, but behind president zelensky after ti has really tainted faced, but behind president zelensky after ti has really tainted the ad, but it has really tainted the yearnings for peace people have when they look westward for that support. when they look westward for that smart-— that support. james, really aood to that support. james, really good to get _ that support. james, really good to get your _ that support. james, really good to get your analysis. | goggito get your analysis. waterhouse joining goggito get your analysis. waterhousejoining us from keefe. 7 7 from keefe. we 7 from keefe. we know live from keefe. we know that president zelensky will be travelling to washington the 77 the end 77 the end of 77 the end of the the prime minister sir keir starmer has announced by cuts in overseas aid. budget, which international
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charities say could mean billions more for the military, paid by billions less for a peace deal in ukraine and for europe to spend more on defence? the beginning of the conflict in ukraine. the last few weeks have accelerated my thinking this is very much my decision, based on my assessment of the circumstances that we face as a country. and it was supported by the conservative
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national interest should always come first. so i'm very pleased to hear the prime minister announce but not everyone is convinced. of its foreign policy. obviously, defence and security policy is critical to that. but the arm that relates to foreign aid has been that it's benefited. i think we have to spend more on defence and with but i think we should raise the money in different ways. assets that are sitting in uk banks, confiscate them,
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from submarines to nuclear weapons the armed forces and what about the american reaction? here reacquainting himself with france's president macron? offering when he sits in that chair tomorrow. at westminster for us. i guess that is the aim of the uk minister, he will uk prime minister, that he will be sending this message that be stjhg tthreessage that trump be sending th'lsreessage that trump will want to hear donald trump will want to hear when it comes to increasing
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whehit senses to ihsreasihg on defence. but it come a cost? i think this twin 77 7 7 7 7w7ru7§§ will go down 77 7 7 7 7w7ru7§§ down well approach will go down well with the us president. both sides of this policy are trump ian, i suppose you could first suppose you could argue first and something presidents have been calling forfor and something presidents have been calling for for many years. donald trump seems to in five or six in office. as the uk been weeks in office. as the uk been bounced into it? no, according bounced intoit? no. according number sources. bounced into it? no. according number sources. the to number ten sources. the other part of the policy, aid and at has happened to us aid development 777�*the7pa7s7t77 77 77 7 7 7 �*the past month, 7 7 7 �*the past month, that 7 . a; 7pa7s7t7month, that he 7 7 over the past month, that has cut in been cut in recent weeks, something the trump seem pretty administration seen-t ere—ttey wewweeeeweweeee e of. administration seem—erettey .,, w , w w . of. there administration seem—erettey eee ee e w w . of. there is a different in the 7 in the uk. 7 in the uk. keir77 7 feeling in the uk. keir starmer does not seem to have found this an easy decision to
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are many 7 -£7 who are 777 77 777who are unhappy, privetebj who'ere' unhappy, anxious and that is concerned, anxious and that is we talk about the sector who exceptional charity sector who spend the uk government money. now of course today the and now of course today the process to start cutting programmes starts in the uk. that is going to be very some argue that it difficult. some argue that it could be what 7 7 what are 7 what are long—term and what are the long—term impacts? does it mean for impacts? what does it mean for other states? some would see moving into other spaces them moving into otherspeees by the uk. does it vacated by the uk. what does it mean for the humanitarian disasters? and what disesters?'a'nd'pote'ntietty whet it for disesters?'a'nd'potehtietty whet it for immigration? does it mean for immigration? the uk prime minister has the l1h prime minister has .,......-..uu. .-. on the l1h prime minister hasm , ~ . on tackling the lik. prime minister hasm , ~ . on tackling illegal focused on tackling illegal migration and also legal migration and also legal migration in his first six months in office. of course, humanitarian m 7 if i7to people moving do
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i7to people moving around lead to people moving around the world and, therefore, i am told immigration be taken told immigration will be taken into or the impact into account. or the impact on will be taken into immigration, willbe taken into civil servants account when civil servants to look at which pregrammes ts suterr for talking prsgrammes ts fly... for talking us thank you for talking us through that. pike, our through that. joe pike, our correspondent from political correspondent from westminster. much more on all of that, uk defence spending and what is happening in ukraine in terms of that more on that coming much more on that coming up later on here on bbc news and our website. let's go to our website. now let's go to these east. they'll be exchanged for the bodies of four israeli on saturday israel said it was halting the release and thousands of people
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have lined the streets to pay their respects during the funeral procession we are watching those pictures, thousands of mourners lining the streets for the funeral procession the family, procession for the family, whom was the youngest amongst whom was the youngest hostage, just months old 7the7 thefamily 7the7family was taken. when the family was taken. right, and it really is right, and it has really been a good of the been a good expression of the grief for this family in public grief for this family in particular. the little boys particular. the two little boys with their red hair were pictured in pictured always in hostage square. they among square. they became among the most recognised most internatisnattu recssnisedw w e of the most internatisnatty recssnisede— ~ , of the plight most internatisnatty recsgfljsedw w e of the plight of most internatisnatty recsgnisede— ~ , of the plight of the hostages, 7 7 hostages, s7natched on israeli hostages, snatched on the 7th of there was much so iong
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so much uncertainty for'so tong what had happened to so much uncertainty for'so tong bibas it had happened to so much uncertainty for'so tong bibas and d happened to so much uncertainty for'so tong bibas and her ippened to so much uncertainty for'so tong bibas and her sons. ed to so much uncertainty for'so tong bibas and her sons. ii to shiri bibas and hersons. i think the fact her husband was one of those hostages released in the recent the in the recent handovers, the deal that was struck with hamas, he was returned but only to have it confirmed to him that wife and his children that his wife and his children had been on the 7th of hed been'kitted'on the 7th of shiri bibas and her will be buried alongside sons will be buried alongside her parents in the cemetery close to their home, close to the edge of gaza where her parents also killed in the parents were also killed in the 7th of attacks. taste parents were also killed in the 7th of - attacks. 7th of october attacks. we will be monitoring _ 7th of october attacks. we will be monitoring the _ 7th of october attacks. we will be monitoring the images - 7th of october attacks. we will be monitoring the images as i be monitoring the images as continue to those people continue to lie those streets. but in �*the streets. but in terms of the release of palestinian.- we saw ' i’ocgss as we come of that process as we come towards the end of this first of the ceasefire stage of the ceasefire agreement, negotiators saying an agreement has been reached. talk us through what we can
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expect. talk us through what we can exect. , , expect. yes, this was an announcement - expect. yes, this was an announcement we - expect. yes, this was an announcement we had i expect. yes, this was an i announcement we had from expect. yes, this was an - announcement we had from cairo gnnouncement we had from cairo last night where we know lete lest night'where'we' ircnow been lete lest night'where'we'hnow effort intense a lete lest night'where'we'hnow effort is :ense a lete lest night'where'we'hnow effort is going 7 lete lest night'where'we'hnow effort is going on a lete lest night'where'we'hnow effort is going on to 7 mediation effort is going on to try to resolve this tryr ts restate-s this atei’fofw” trig ts resstee this tat-est" ' ' in ass. ceasefire hamas officials have now deal. hamas officials have now confirmed that the �* of confirmed that the handover of these four four men were kiiied on ifth nen there kiiied on ifth oi n were kiiied on ifth oi october. "e kiiied on ifth oi october. irriii iied on the 7th of october, will take place tomorrow, along with the release of palestinian prisoners detainees. we are prisoners and detainees. we are expecting there to be 600 palestinian and 7- who were supposed to detainees, who were supposed to be released last saturday, as well as another set as well. hamas is said to have agreed not to stage one of these handover which handover ceremonies which israel has complained, as well —:: the violations it sees in as the violations it sees in ceasefire deal, this the ceasefire deal, that this amounts to cruel treatment of the hostages and cruel ea... mew; .-- -.. of t7h7e7ir777
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treatrraeet at their far-”e: , , . kneu treatrraeet at their far-”e: , , . knelljoining us live 777 jerusalem. iguana: he}? 7 7 reassign: tha77nk7you7 coerce: tha7nk7you7very .we . . we continue 7 we continue to 7 7 we continue to monitor much. we continue to monitor this situation and we this situatisreahdeae wit! —— you updates. around the world and across the uk this is bbc news.
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to renwable energy. year, significantly down from 15.2 billion dollars in 2023 in the face investors have speculated that bp could this week abandon its pledge to reduce oil production by 25% by 2030 compared to its 2019 levels.
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decade compared to 2019 levels. this is down from a previous target of 35—40%. on clean energy objectives. cornelia meyer, is an energy analyst and the ceo of meyer resources, joining us from berlin. welcome. what your assessment of this? how much is a kickback in order to this a kickback in order to increase profits for and how much is being spurned on by donald beir rhetoricrd on by donald beir rhetoric of >n by donald beir rhetoric of drill, donald trump's rhetoric of drill, baby, drill? it trump's rhetoric of drill, baby. drill?— trump's rhetoric of drill, bab , drill? , ., ~ baby, drill? it is both. thank ou for baby, drill? it is both. thank| you for— you you for having me. when you look at bp, its returns 37 77- 77 percent, shell percent, shell is 77%, stus percent. sheurrejw is 147%, stus percent. sheursjw is 147%, so ptus percent. sheurrejw is 147%, so it is not
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ptus percent. sheursjw is 147%, so it is not as exxon is 147%, so it is not as profitable as its peers. with profit—abte as its emerita-min '*""”"""* profitabts as its assists-min ” at 100% at 15% discount, bp has shell at 15% discount, bp has not doing well. it net been seine we“ tha= ” '" been much net been seine we“ tha= ” w been much more traditionally been much more into renewables. the previous came in with this very high 7 -75 but those 7 77 but those were 7 77 target, but those were different times. that is when iea came out with its net the iea came out with its net zero and was also zero strategy and it was also just after covid, and then came the war and the world the ukraine war and the world really changed dramatically. it really changed dramatically. it is not arguably the only 9°an 75 ww w' 77goin7g down this 7going down this route. company going down this route. shell 2:1; norwegian company shell and the norwegian company ecuador have been back ecuador have been scaling back their plans on is this 7 is this the 7 is this the direction trav7el s this the direction travel for |is the direction trav7elforthese dire7ction travel for these major on of travel for these major companies in the energy sector? notjust for the energy
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companies in the energy sector? not just for the energy sector. you look at big financial when you look at big financial they have also out. with the opted out. with the trump administration the mood music, so to say, has changed. but bp -7= is the last to change. bp has been the most aggressive to go down that route. don't forget it was john brown down that route. don't forget it wasjohn brown in 1997 who came up with the idea of beyond petroleum. so i think bp has waited the longest, has been the most aggressive on this, plus has an activist plus bp has an activist investor, elliott, are investor, elliott, who are very effective, they earn about 5% of the shares, and are of the shares, and they are very active in terms of telling them they need to change their ways. they want to see more
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you77777777 you look at profitability. when you look at elliott and what have done elliott and what they have done to other companies they usually tgother companies they usually they want. tnother com 7; get what they want. obviously environmental _ get what they want. obviously environmental groups - get what they want. obviously i environmental groups . really but some shareholders also expressing concern. are also expressing concern. what kind of a sway do you think they have? so what kind of a sway do you think they have? not so much because they _ think they have? not so much because they are _ think they have? not so much because they are not - think they have? not so much because they are not big - because they are not big the big shareholders. the big shareholders. the big shareholders are the who 40% 7 7 40% of 7 7 40% of bp, 7 7 7 77 74(7)7%7of7bp,7h7e7l7d777 77 7 77 71r07�*77e7of7bp,7h7e7ldin77 77 own 40% of bp, held in america by so the us are by us companies. so the us are big investors. ithink blackrock owns they will blackrock owns 10%. they will be that worried about more. lar fink five any more. larry fink five or six years back was worried six years back was very worried 7 the e56 six years back was very worried 7 the esg and they less worried about it now. are less worried about it now. the mood music has again the me“! reusic—has—ee - 7 against again the me“! reusic—has—ee — 7 against esg again the me“! reusic—has—ee - 7 against esg agenda. meier, 77 m77eier, always 7
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7 77 increasing; 5070767 77 m77eier, always good to your a. er 55’ w' your perspective. 77 y7ou7r7p7e7rs7pec7tive7.77thank 77 77 y7ou7r7p7e7rs7pec7tive7.7thankyou777 77 get your perspective. thenkryou joining us. skywatchers will be lucky enough to see a planetary parade this week. as clearly until 2040. but four of the planets, mercury, venus, jupiter, and mars, will be visible to the naked eye. sunset to see a spectacular sight in the skies. but higher up, the brightest star is actually venus, which we've got in the telescope now. but now this planetary parade has reached its climax,
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of young and old alike. oh, yeah! it's like a rainbow. it was a similar story at the bannau brycheiniog national park, a dark skies area in mid—wales. its director, alan trow, and his 16—year—old grandson, the wonderful crescent that it presents. colour, sort of. it's lovely. it's beautiful. in view from the earth. with the naked eye.
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saturn is harder to see because its low on the horizon, because they're so far away. every time you look at the night sky, you're in awe at and you realise how insignificant you actually are. pallab ghosh, bbc news. do let us know if you manage to that delight. i see that planetary delight. i am going to leave you with some am going to teave youwithsome the live shots we are of the live shots we are here. these are the lined the streets as mourners lined the streets as they pay tribute in israel ahead of the funerals of shiri 5 :7 her ahead of the funerals of shiri 5 :rr her two ahead of the funerals of shiri 5 7- her two young ahead of the funerals of shiri 5 if her two young sons. bibas and her two young sons. they were taken hostage in the october the 7th hamas they were killed in attacks and they were killed in gaza. the family have published
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the procession route, the funeral procession route, but they want keep the but they want to keep the actual funeral itself private. course very cour7se very difficult time of course very difficult time for the family, the father having been and he haying been released and he been during his time in incarceration that his family a incarceration that his family had passed we are just had passed away. we are just monitoring that. and we are also watching the live shot in rome where pope has spent rome where the pope has spent the rest of night. that is the hospital where he is. we are keeping an eye on any updates from the vatican. hello. there is a fair bit of dry weather in the as dry weather in the outlook as we look towards the end of at the start of march. we do have wednesday to get but we do have wednesday to get first with outbreaks of rain swinging eastward, followed a mix of sunny followed by a mix of sunny showers. the spells and showers. the outbreaks 1653 00:
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