BP posts quarterly profits

Press release
The oil and gas giant announced plans to scale back its climate efforts earlier this year
  Published:  31 Oct 2023    |      1 minute read

As fossil fuel company BP posts quarterly profits of £2.7 billion, Emi Murphy, warm homes campaigner at Friends of the Earth, said:

“BP has really gone all in for Halloween this year. It recently rowed back on its climate pledges, the same year we’ve seen record-breaking temperatures, devastating floods and unprecedented ocean warming – can you think of anything more chilling?

“While its profits might be down on last year’s jaw-dropping earnings off the back of the energy crisis, it’s still posting hefty takings while millions of people are struggling to afford to heat their homes this winter.

“The government has had countless opportunities to bring down our bills and emissions through a nationwide programme of insulation funded by a proper windfall tax on the excess profits of fossil fuel companies and cheap, clean renewables. Instead, all we’ve had are weakened green policies and massive tax breaks for oil and gas giants.”