paul hicking with his take on bp. now let's talk about tesla.low one trillion dollars for the first time since with the reality that elon musk�*s electric car juggernaut could face a weaker—than—expected first quarter. michelle her take on the latest news from tesla. back to to reach nez zero by 2050? to reach net zero by 2050? the committee responsible for monitoring climate change progress has said that by the year 2040, the uk must 50 years earlier. the good news is, we are already more than halfway there. than half on 1990 levels. into what would need to be done to reach the new target. cutting carbon has been pretty painless so far. it's meant switching away from polluting fossil fuels to more renewable power. but that is going to change. emissions reductions will increasingly depend the committee says that by 2040, four fifths — 80% — of our cars are going to need to be a heat pump. the message is very clear — the uk needs to do whatever this is my hot water tank. as well as her heat pump, lucy has this. power all day long. with the batter

paul hicking is editor of the petroleum economist. i asked him what we can today.u said, sally, it is the great reset. now it looks like back to petroleum. and gas will be back front and centre of its strategy. we have also seen that renewables will be scaled back. ideology above and beyond the economic reality and profits. in its share price. changes of leadership — unexpected changes of changed. you have president trump with his "drill, baby, investor that has taken a near $4 billion stake what their plans are. in many ways, it has been coming. to make these changes. been addressing some of the costs within the company investor coming on board, it really looks like they will accelerate the timeline, really go much harder speculation it could cut off some of its business and there has already been that going on. i was in india energy week a couple of weeks ago and they made a deal with ongc — an indian oil company about accelerating that timeline and being a little bit front and centre. as, say, in europe but, at the same time, like you said, that shift even in eu

paul hicking is editor of the petroleum economist. for a while now. had the mantra beyond petroleum. they had back a few years ago. 40% cut in oil and gas was first put out by 2030. a few years ago, then that got scaled back to 25%. now it's looking like that target will be abandoned and centre of its strategy. we've also seen renewables will be scaled back. above and beyond the economic reality and competitors. and that's reflected in its share price. when the new bp ceo took over aboutjust over a year ago, they already started to make these changes. i think the mood music had already changed. they hived off their wind business. they'd already been addressing some of the costs within the company, and they'd already been making those changes. they're going to really go much harder of its income, its business around solar and biofuels, as well. and really look to reinvest britain's heathrow airport says profits jumped to £917 million an expansion project as it seeks boost the uk's economic growth. to help make the case for a new runway? executive of he

that it all in paul hicking is editor of the petroleum economist now it looks like back to petroleum.s ago. like that target will be abandoned completely and oil and gas will be back front and centre of its strategy. we have also seen that renewables will be scaled back. it is clearly a fact that they have been putting and profits. to many of its competitors, and that is reflected in its share price. it has been through such a tumultuous time with changes of leadership — unexpected changes of changed. you have president trump with his "drill, baby, group — elliott management, the influential wall street in bp, and there is a lot of speculation about what their plans are. yes, exactly. in many ways, it has been coming. when the new bp ceo, auchincloss, took over they hived off their wind business, they'd already been addressing some of the costs within the company and they'd the timeline, really go much harder at oil and gas again, really looking at how to create profitability. speculation it could cut off some of its business around solar and biofuels, as well, and really look and the