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BP halves dividend after huge losses

BP has halved its dividend and posted a $6.7bn quarterly loss in the wake of coronavirus.

BP has halved its dividend and posted a $6.7bn quarterly loss in the wake of coronavirus. The energy giant said it plans to increase its clean energy spending, and Gordon Ballard, director of the International Association of Oil and Gas Producers discusses what such a move would mean for its members. And we get reaction from Charlie Kronick, senior climate finance adviser for Greenpeace UK. Also in the programme, the chief executive of drinks giant Diageo, Ivan Menezes, tells us the pandemic has hit its business by more than $1.5bn. The European Commission has announced it will investigate Google's attempt to buy fitness tracker firm Fitbit, and we hear the background from Ross Sleight, chief strategy officer at global digital agency Somo. Plus, as musicians around the world struggle thanks to the cancellation of tours and gigs, the Βι¶ΉΤΌΕΔ's Ed Butler reports on innovative solutions that some have come up with.

(Picture: A BP logo. Picture credit: Getty Images.)

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27 minutes

Broadcast

  • Tue 4 Aug 2020 14:32GMT