BP profits: oil giants are laughing their way to the bank while world burns

BP’s profits are obscene, according to the Scottish Greens. This comes as the company has announced 2022 profits of £23 billion.

The Scottish Greens energy and environment spokesperson, Mark Ruskell MSP said:

“These profits are obscene. They should be seen as a stark warning of where our climate is headed and the urgent need to move on from oil and gas.

“There are few companies who have done as much damage to our environment as BP. Yet, while millions are struggling to pay their bills, they are reporting some of the most biggest profits in their history.

“All across the world we are seeing the devastating impact of climate change. In Chile there are deadly wildfires. But things have never been better for the oil giants. They are laughing their way to the bank while the world is burning around us.

“We can’t go on like this. We can’t have multi-billion pound companies building excessive fortunes from the destruction of our planet.

“We urgently need to get away from oil and gas and from a system based on maximum extraction and maximum profits. That means action from every government and a major shift to renewable energy.

“Renewable energy is the cheapest and cleanest energy available. Yet, climate-wrecking governments like the one in Westminster are still prioritising fossil fuels at the cost of our climate.

“We need a fair and just transition that works for our communities and for people and planet. We have the technology and the money, all that is missing is the political will.”