BP to slash over 5% of workforce
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees and 3,000 contractor positions will be cut this year, BP BP.L told Reuters. The cuts were announced in an internal memo seen by Reuters earlier on Thursday.BP shares were up 1% at 1200 GMT.Auchincloss last year said he would cut the British company's costs by at least $2 billion by the end of 2026 to boost returns…
Energy Efficiency Indices: What You Need to Know
Decarbonization is the greatest challenge facing the shipping industry today.The effort to reduce emissions and environmental impact extends to all sectors and players and will leave no one in the industry unaffected.The IMO’s effort to decarbonise shipping is a numbers game. The goal, as stipulated in the Initial IMO GHG Strategy, is to reduce the average CO2 emissions per transport work by at least 40% by 2030, compared to 2008 levels., and to pursue a 70% reduction by 2050.The introduction of the EEXI is part of the IMO’s latest attempt to achieve this goal.