a law that is used to target minority groups and that happens regularly and we do our next story is b.p. that great component of the footsie stock exchange index is their annual general meeting so you choose in this room the f.t. that you know me and using it would be peace suze oil analyst for allegedly stealing secrets i quite like this article because it goes to the motive and the intent of really so in this one b.p. is suing an analyst who apparently allegedly exfiltrate a huge amount of data then went to work for another oil company and has done so with a competitive advantage should be extraction day demeanor will deposit data also we don't know whatever it is it's the allegation is that it was done for profit so superficially it's similar to the cases of snowden and manning because again those to exfiltrate had huge amounts of data but theirs was for. for public interest and to preserve. evidence of wrongdoing and then method was journalism so this is slightly different it's also it's difficult to take sides as well because b.p. itself is an organization with a very checkered pas

b.p.e are joined in studio by jane foley and iain stealey. are investors pretty happy with what we have seen for b.p.? the debt is going up. buthey beat expectations, they guided those expectations down considerably in the weeks before the earnings. people expected earnings over $1 billion for the quarter. $500pulled that down to million. they beat that. in the first half, payments for the spill direct definitely on earnings. they frontloaded those earnings to the start of the year, so we expect less drag in the second half. also, they expected to dispose of a lot of assets. we may see that ease off in the second half of the year. francine: what role does venezuela play in all of this. it is a huge part in the oil. there are no sanctions on oil, but that could change very quickly. >> most people consider ban ning venezuelan oil to the u.s. would be drastic. the u.s. is less dependent on venezuelan oil than it used to be, but it is still a big part of the picture. it was the more likely the

never need to study science climate change or evolution all you need to know is the story of adam and b.p. . you mean the same thing did you know adam and eve were naked until they found out about petroleum. same as petrol this stuff is great let me show you this lesson from a program in ohio that teaches small. all children how fun franking is using twinkies and strong was telling her cranium you're kidding that's not real yeah it is look you want to learn how to frat come on you want a little fracking fracking oh. ok well fine i'll do the honors so you stick the drill shaft into the soil and use your high performance pump. that's the scariest thing. cause. we. know. you really went anyway thank you to dispose of the waste properly plus swallowing is not in my contract thank you very much. of the. thanks. i don't i don't know what is in the contract but next our military has been up to no good big surprise but in a strange twist it actually has to do with getting rid of our outlandish amounts of weaponry for more on this let's go to our truth blog not only mcgill. in a time when this cou

by phone from london though on a smaller scale it's a land grab like in the petroleum industry when b.p. shell and others rounded on the middle east and the one nine hundred sixty s. and seventy's so again i'm saying that this is a sea change paradigm shift of energy and if you look at history going back through time you know any time there's a shift in new energy resources it's who controls that exploitation of that particular resource here in australia where the most mining is happening it looks like china is securing all those resources there the number one producer of lithium batteries as well what would happen if the lithium supplied to the us the traits trump bipolar disorder were cut off i mean that could really sink america i don't know if it's the same ingredients that is used in the lithium that is treating people with bipolar and schizophrenia but greenbushes this is the particular this is the largest mine in the world greenbushes and it's west australia the world's biggest hard rock lithium mine is being expanded to more than double. annual capacity callison lithium a joint

by phone from london though on a smaller scale it's a land grab like in the petroleum industry when b.p. shell and others rounded on the middle east and the one nine hundred sixty s. and seventy's so again i'm saying that this is a sea change paradigm shift of energy and if you look at history going back through time you know any time there's a shift in new energy resources it's who controls that exploitation of that particular resource here in australia where the most mining is happening it looks like china is securing all those resources there the number one producer of lithium batteries as well what would happen if the lithium supplied to the us the traits trump bipolar disorder were cut off i mean that could really sink america i don't know if it's the same ingredients that is used in the lithium that is treating people with bipolar and schizophrenia but greenbushes this is the particular this is the largest mine in the world greenbushes and it's west australia the world's biggest hard rock lithium mine is being expanded to more than double. annual capacity callison lithium a joint

that was the whole point was that it would be from those type of e-mails that were discovered with b.p. it almost looks like the e.p.a. has basically been in bed with monsanto right and again we know it's always talked about this relationship of big big corporations and big government and obviously you know people want to say oh the e.p.a. the environmental protection agency they must have their act together they must be the good guys the watchdogs here and yet ok for it to be cynical about congressmen and you know presidents and others being in that and bed and you know with the big the deep pockets why shouldn't we also assume that the other branches like the e.p.a. f.d.a. and others are very much in collusion with the interests of the big business you see it happen all the time because a lot of times the people who get put in charge of those those branches those divisions of government are people with ties to the industry that they're now supposed to be watchdogs and where and that becomes the big debate well yeah you want someone who's knows the industry so here she knows what to l

services from its app store in the country b.p.'s allow users to get around china's so-called great firewall aimed at restricting its residents from accessing overseas sites in january beijing banned all v.p.n. that are not approved by state regulators and do not use state network infrastructure apple complied caving to china's demands to shut down any apps that did not fit within the legal framework the pm providers see the move as apple aiding china's heightened censorship efforts some going as far as to say apple cares more about profit than human rights china is apple's second largest market after the u.s. but it standing in the country is following a smartphone sales decline and other providers pick up speed something apple can afford to anger beijing still the critics biggest concern is that this caving to china will set a precedent while apple has stood up for privacy and against censorship in the past it will have less of a leg to stand on now that it's bent to beijing as well. the canadian government is being urged to freez

merger so they're in a real precarious situation they've got to both satisfy the bottom line you know b.p. can sort of speak but not too much but i concur one hundred percent were it not for trouble lot of these people would frankly have gone away gone by the wayside now when it comes to the audience can you speak to value when it comes to you know what trumps ads on television and when he's always that approaching c.n.n. and other news organizations calling them fake news out of this in fact the audience the audience loves this this is a true rally i know it's hard to find a you know an antecedent and in that world of history a harry truman or somebody. the new york times sucks i mean the language is a bit crude but you know actually these are different times this president one of the i like every night came along these as i'm going to use twitter i'm going to use twitter and i'm going to speak directly to my constituents estimate one number two we live in a i hate to say it crude or more kind of base environment where what we say what you hear kids say on the street compared to ten year

b.p. beating earnings expectations, we will watch shares at the open in 11 minutes. has launched an official complaint with the wto over the countries blocking it. tracy alloway, is there any indication this complaint is going to get anywhere on the wto? will it make a difference in a situation that appeared to be getting better and has come back to square one? tracy: sure, at this moment in time it seems unlikely and that is because there is a little in called article 21. article 21 is a provision for wto members that you don't really hear about often. because it is not cited that , but it gives members the ability to enact trade measures they deem necessary for their essential security interests. given that saudi arabia and its gulf allies have accused qatar of supporting terrorism in various ways, it seems unlikely they will reach for that provision in justifying what they have done to cap are in terms of embargo or blockade, whatever you want to call it. that really limits the effect of this of the qatari move, but says something about relations. this isn't reall

it's bigger than the b.p. is on the ftse 100, for example. charges, jay y. lee guilty of all five charges he faced and interesting to see how it will shake out within the company and the conglomerate and a pivotal moment in south korean politics as well as you see a conglomerate coming under the scrutiny it's come under. francine: david, also in the news hurricane harvey strengthening overnight and taking aim at the gulf coast of texas and the energy industry. if forecasters are right, harvey will be the worst storm to hit the states in a decade. apart from natural disasters like earthquakes, hurricanes, businesses today face more intangible risks such as cyberattacks and climate change. how do you ensure such risks, and if you're a investor, how do you trade them [joining us is inga beale for harrison and black rot, rupert is still with us. thanks for coming in to the studios. you're going through quite a change in terms of administration costs and you're trying to downsize some of the back office and you're dealing with brexit. given also t

energy leaving most of the day until the last couple of moments, mostly because of b.p..'s doing well over in europe today. the story in the bond market is not much of one at the moment. unchanged on the session so far. in the fx market, some dollar strength against the europe and the eurozone and just a bureau and just a little against the pound. the single biggest game against the greenback. a big month coming off of single currency. let's get th to the headlines on for the business world with emma chandra. emma: the white house is looking for new communications director. financier anthony scaramucci was ousted 10 days at the job. to general john kelly, his foulmouthed tirade to a reporter had put him on ice. according to "the new york to 100,000 russian troops will hold maneuvers close to the eastern age of nato territory the summer. to drills could be a pretext increased russian military presence in belarus. that.k. chancellor says brexit will not be postponed or delayed. in brazil, philip hammond says the u.k. will leave the eu and march 2019 despite disagreements an