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BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas

Deplorable:

BP, the energy giant, on Wednesday said it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.
The move appears to be a response to a combination of investor pressure for higher returns and a realization that the so-called energy transition to cleaner fuels is not paying off as once expected.
“Today, we have fundamentally reset BP’s strategy,” Murray Auchincloss, BP’s chief executive, said in a statement.
BP said it would increase oil and gas investment to around $10 billion per year in order to bolster output, while cutting spending on renewables to between $1.5 billion and $2 billion per year, a $5 billion-per-year drop from previous plans.

“The Vatican should be our 52nd state”

Given how so many American Patriots are Catholics - including the good Supreme Court justices I appointed, not the Marxists that were already there - I propose that the Vatican should become our 52nd Great State. There’s no need for a new Pope when you have Yours Truly in office for another 4 (or 8!) years. With Canada and the Vatican we would be unbeatable! And they can share in the Golden Age with us! #MAGA

Canada, Mexico Steelmakers Refuse New US Orders

(Bloomberg) -- Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.

Canada’s Stelco has been telling US-based consumers it is pausing sales quotes, according to a person familiar with the matter. Mexico-based steel suppliers also stopped taking orders for material this week as they await potential action from Trump, according to Flack Global Metals, a large buyer.

Trump this week signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1. While the two countries are exempt from a sweeping 25% steel tariff the US imposed during the first Trump administration, there’s increasing concern in the industry that the metal won’t receive a carve out.

“There’s a lot of trepidation and changing commercial policy by the Mexican steelmakers with regards to their approach to this market,” Jeremy Flack, chief executive officer of Arizona-based steel distributor Flack Global Metals, said in an interview. “They’re off balance because of this. They’ve gone from concerned to unconcerned to concerned again.”

Canada is the top foreign import source of steel into the US and Mexico is the third largest, according to US Commerce Department data. The US consumed about 91 million tons of steel in 2023, with imports accounting for about 27% of that total demand, according to research by Morgan Stanley.


Stelco parent Cleveland-Cliffs Inc., based in the US, didn’t immediately respond to requests for comment.

Cleveland-Cliffs, the second-largest US steel producer, agreed to buy Canada-based Stelco last year. When asked last week at a briefing about the possibility that Trump would slap tariffs on the company’s newly owned Canadian steel, CEO Lourenco Goncalves said he will abide by Trump’s policies.

“President Trump will do what President Trump wants to do. He has a plan, and I will play accordingly,” Goncalves said. “I’m a big boy. I bought Stelco knowing that Stelco is in Canada. And you know what? America first.”

Her claim of anti-straight bias could upend discrimination law

Marlean Ames was distraught in 2019 when she was bumped from an administrator position at the state agency overseeing youth corrections and replaced by a gay man who she says was less qualified.

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Ames was demoted, and her pay was cut more than $40,000. A few months later, she lost a management job she had applied for to a woman who had not sought the position initially, according to a lawsuit Ames would soon file. That woman, too, was gay.

Ames’s job discrimination lawsuit makes an unusual claim that could upend how many of the nation’s courts have handled such cases for decades: The department, she says, was biased against straight people like her.

The Supreme Court will hear oral arguments Wednesday in Ames’s bid to revive her case, which was stymied in the lower courts because of past rulings that set a higher legal bar for men, straight people and Whites to prove bias in the workplace than for groups that have historically faced discrimination. That higher standard is unconstitutional, her suit says.
The case is being closely watched by corporations and employment lawyers, many of whom expect the high court’s conservative supermajority to side with Ames, now 60, and make it easier for members of majority groups to sue.
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“If she wins, the flood of reverse discrimination claims will be like nothing we’ve ever seen,” said Johnny C. Taylor Jr., chief executive of the human resources association SHRM. “Straight, White people everywhere could be filing.”

U.S. Objects to Calling Russia ‘Aggressor’ in G7 Statement on Invasion

Deplorable:

The United States is opposing calling Russia the aggressor in the war with Ukraine in a Group of 7 statement being drafted to mark the third anniversary of Russia’s full-scale invasion, four senior officials from countries involved said on Thursday.
The American objections to the statement come after President Trump earlier this week blamed Ukraine for starting the war, which in fact began with Russia’s attack on Ukraine.
One senior official from a Group of 7 country said that Canada had circulated the first draft of the statement to the other six member countries. That version, the official said, used language that retained the pro-Ukraine tone the group of allies adopted after the full-scale invasion of the country in February 2022.
The U.S. side went through that first draft this week and removed all references that could be interpreted as being pro-Ukraine, the official said. The result, the official added, was a neutral draft statement that made no references to Russia as the aggressor in the conflict, nor to Ukraine as the victim of the invasion.

Trump and DOGE planning to fire nearly all 1,700 staff members of the Consumer Financial Protection Bureau and wind down agency (keeping just 5 staff)

The Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly all its 1,700 employees while "winding down" the agency, according to testimony from employees.
In a trove of statements released late Thursday, federal employees said that the mass layoff was discussed in meetings they attended this month with senior CFPB leaders and members of Elon Musk's so-called Department of Government Efficiency.
"My team was directed to assist with terminating the vast majority of CFPB employees as quickly as possible," said an employee identified as Alex Doe, a pseudonym used out of fear of retaliation.
Doe said the plan from CFPB leaders and DOGE was to cut the bureau's workforce in three phases. It would first eliminate probationary and term employees, then carry out a wave of about 1,200 layoffs, leaving a skeleton crew of a few hundred workers. "Finally, the Bureau would 'reduce altogether' within 60-90 days by terminating most of its remaining staff," Doe said.
The Trump administration's plan was to take the CFPB down to the barest minimum staffing required under law: Just five CFPB employees would remain, either in a stand-alone office or folded into another regulatory body, the workers testified.
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