The London-based oil and gas giant BP reported Tuesday that it brought in a staggering $8.2 billion in profits in the third quarter, more than doubling its total from the same period last year amid Europe’s worsening cost-of-living crisis.
Freya Aitchison, oil and gas campaigner at Friends of the Earth Scotland, said in a statement that “the announcement of yet another obscene profit for a climate-wrecking oil firm highlights the scale of the pain that these companies are inflicting on the public.”
“While fossil fuel companies are being allowed to make record-breaking profits, households are facing astronomical energy bills and millions are being pushed into fuel poverty,” said Aitchison. “Bosses and shareholders at these big polluters are being allowed to get even richer by exploiting one of our most basic needs. BP is also worsening climate breakdown and extreme weather by continuing to invest and lock us into new oil and gas projects for decades to come.
“Oil companies’ record profits today are not because they’re doing something new or innovative,” Biden said in a speech at the White House on Monday. “Their profits are a windfall of war.”
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