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BP chief executive Bernard Looney said in February that the company would reach net-zero emissions bybut he declined to spell out what steps he would take in the near-term. Within 10 years, BP said, it will have developed 50 gigawatts of renewable energy, up from 2. John Kleine, who heads a trade group that represents distributors of BP gasoline in the U. The BP name and green-and-yellow sunflower logo replaced the Amoco name and its blue-and-red torch inside why are bp stations closing oval logo after BP acquired Amoco in the late s. Kleine noted that many distributors would still like BP to try to rebuild its existing brand, and two BP officials said in e-mails that the company is not considering rebranding U.

In Chicago, one customer at a BP station Friday morning said he didn't think changing the name would do any good if he wanted to avoid buying gas from the company. Government plans, codenamed Operation Escalin, had been made in the run-up to Brexit to draft in 1, soldiers to drive 80 military fuel tankers to keep petrol and diesel flowing to forecourt pumps in the event of no deal.

However, government sources stressed there was no need for the military to step in to meet driver shortages. Despite a slowdown in the economy since August, the Bank is forecasting that the surge in wholesale gas and electricity prices is expected to keep inflation high until at least the middle of next year. Voting unanimously to keep interest rates at the historic low of 0. We apologise for any inconvenience caused," BP said.

Why are petrol stations closing?

The terminal is now operating as normal once again. It said some 30, HGV driving tests did not take place last year because of the coronavirus pandemic. Previously, a temporary extension of lorry drivers' working hours was met with backlash from the industry who said the government is applying a "sticking plaster" to driver shortage problems.

Image source, Getty Images BP's announcement came as retail industry body the British Retail Consortium Why are bp stations closing warned supermarkets were experiencing "minor disruption" due to a shortage of drivers. Some supermarkets are understood to be suffering shortages of particular brands.

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Share this article via email Share this article via flipboard Copy link 4. The chaotic situation is linked to a national shortage of HGV drivers which is causing problems across the economy. Is there a petrol shortage? Nor is a price crisis impacting imports, as is happening with the rising price of gas on global wholesale markets.

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The news caused nervousness among motorists who feared more stations would have similar problems, triggering a wave of panic buying. EG — which runs around garages — became the first to put limits on how much fuel customers can buy over fears unnecessary purchases could create actual shortages.

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why are bp stations closing More info The lorry driver saga continues as petrol stations across the country are the latest to be hit by ongoing shortages of workers. The UK has been plagued with a shortage of haulage drivers since coronavirus restrictions largely lifted over the course of the summer. There are around 1, BP branded petrol stations in the UK, but the giant has not said which or how many of these are currently closed. Up to sites are believed to be suffering from fuel shortages with a handful temporarily closed. It is unclear how soon deliveries could be restricted but fuel will not be restocked for one and a half days a week "very soon". Motorway forecourts will be prioritised for deliveries, the company has confirmed.

BP is the UK's biggest petrol supplier Image: GETTY Find my facebook id app spokesperson said: "We are working closely with all parties in our distribution network to optimise supplies and minimise any inconvenience to customers. The Government has said that consumers should continue to refuel their cars as normal and that there is no shortage of actual fuel, just a shortage of drivers. The plaintiffs maintain that the industry knew about the environmental dangers but that they used it instead of other possible alternatives because it was less expensive. However, the numbers of those who will be granted exemption outside of the NHS are expected to be why are bp stations closing small, and not reach the high tens of thousands.

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