Leading article: The Arctic no place for oil companies

The collapse of BP's deal to explore the Arctic sea for oil is deeply humiliating for the giant oil corporation. It was only in January that BP, with a great fanfare, announced the deal with Rosneft, the Kremlin-backed Russian oil company. The tie-up was supposed to rebuild BP's reputation after the disaster of the Deepwater Horizon explosion in the Gulf of Mexico last year which has cost the company $41bn so far. That much-vaunted strategy is now in tatters.

Leading article: A Government that is not green enough

David Cameron is reported to have resisted pressure from some Cabinet ministers to water down Britain's emissions reduction targets. The Government will announce today that it will act on the recommendations of the independent Committee on Climate Change (CCC) and ensure that our national emissions fall by 50 per cent on 1990 levels by 2025. The Prime Minister has won praise from Greenpeace for his "strong intervention" on behalf of the environment.

Portfolio: Edward Burtynsky

Oil on troubled waters

Breakthrough at last for BP in Russian stalemate

BP appears to be on the verge of salvaging a hugely controversial deal to explore the Arctic Ocean after finally agreeing a compromise with the Russian business that has been threatening to wreck the project.

BP moves closer to Rosneft deal

Oil giant BP today moved closer to salvaging a proposed tie-up with Russian government-owned Rosneft after appeasing a group of angered shareholders.

BP Alaska fined $25m for oil leak

BP's subsidiary in Alaska will pay a $25m (£15m) civil penalty under a settlement that comes five years after more than 200,000 gallons of crude oil spilled from company pipelines.

BP plans return to Gulf of Mexico as spill costs continue to hit profits

BP hopes to resume drilling in the Gulf of Mexico later this year it emerged yesterday, as the company revealed that last year's devastating spill continues to drag on profits.

It's oil money that fuels our museums

Protests against BP arts funding are wildly misplaced, says Tiffany Jenkins. In fact, big-business benefactors should be lauded

Deepwater Horizon: This was no Armageddon

When BP's Deepwater Horizon exploded last April, the world feared the worst. But it has not come to pass, says David Usborne, and what's more, money is proving a more corrosive force than the oil

BP facing sell-off calls

Oil giant BP is facing calls from some of its biggest shareholders to sell off up to half of its assets as part of a radical restructuring of the group, it was reported today.

BP wins more time for Russian deal

Oil giant BP has secured more time to salvage its £10 billion share-swap and exploration deal with Russian-government owned Rosneft.

David Prosser: BP's shareholders are entitled to be furious too

Outlook Bob Dudley and Carl-Henric Svanberg will no doubt cope with running the gauntlet of protesters at BP's annual general meeting today. Mr Dudley, a career oil man, knows this sort of ordeal comes with the territory, even if last year's Gulf of Mexico spill has ramped up the outrage factor, while Mr Svanberg got plenty of practice coping with demonstrations during the height of that scandal last year. Leaving aside the demonstrators' concerns, however, both men deserve a rough ride from their shareholders too.

BP executives brace for a stormy meeting with shareholders

Scores of people plan to protest today at the oil firm's AGM

BP to face rebellion on pay awards

Oil giant BP is expected to face further shareholder ire at its annual general meeting over "wholly unacceptable" boardroom pay packets awarded in the wake of the Gulf of Mexico oil disaster.

BP faces wave of protests at AGM

Oil giant BP is facing a wave of protests as it holds its annual general meeting in London days before the first anniversary of the Gulf of Mexico disaster.

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