BP announce £2 billion in profit as UK government backs new oil and gas

London, UK – commenting on the news that BP have posted $2.6 billion (£2 billion) in profit, Charlie Kronick, Senior Climate Advisor at Greenpeace UK, said: “BP posting billions in profits while wildfires and floods continue to wreak havoc around the world shows us who really benefits from Rishi Sunak’s climate policy u-turns. Handing out new oil and gas licences will do nothing to improve our energy security, or address either the climate crisis or the cost of living facing people across the UK, instead allowing companies like BP and Shell to rake in even more money for their shareholders.

“The oil and gas giants have been allowed to cash in on the climate crisis for far too long while ordinary people pay high bills. Instead of boosting their profits further, Sunak should properly back the cheap, homegrown renewables, and invest in insulating our leaky buildings so we can transition away from fossil fuels and force the industry to stop drilling and start paying for the damage they are causing around the world.”