The oil giant BP reported second-quarter profits of $2.6 billion on Tuesday, the highest quarterly profit in the company's history. The profits came after the hottest month on record, which was driven by climate change.
some of its stated emission-reduction targets and announced plans to produce more fossil fuels than previously expected. Earlier this year, BP said it intends to cut fossil fuel production by 25% below 2019 levels by decade’s end instead of its previous goal of 40%.
Dorothy Guerrero, head of policy and advocacy at the U.K.-based group Global Justice Now, said in response to Tuesday’s earnings results that “once again BP has raked in hideous profits as our planet burns.” “From people struggling with the cost of living in the U.K. to communities on the frontline of climate disasters in the Global South, we are all footing the bill for the reckless profiteering of the fossil fuel industry,” said Guerrero. “Enough is enough. The government must stop turning a blind eye as shareholders line their pockets at our collective expense.
“Leaving this industry with the power to profit without consequence,” Guerrero added, “is not only morally abhorrent — it’s plainly ludicrous in the face of a climate catastrophe that threatens us all.”So are we! That’s why we’re on a mission to shake things up and bring you the stories and perspectives that often go untold in mainstream media. But being a radically, unapologetically independent news site isn’t easy , and we rely on reader support to keep the lights on.
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