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:earth: Peter 🌍:NoNazis: (@PeterRu) · 10/2022 · Tröts: 463 · Folger: 1.100
Di 30.07.2024 17:11
BP Condemned Over 'Mammoth Profits' as Fossil Fuels Wreak Havoc on the Planet | Common Dreams Jul 30, 2024
"The world can no longer afford fossil fuel companies putting short-term profits above people and planet."
The London-based oil giant BP announced Tuesday that it hauled in $2.8 billion in profit during the second quarter of the year as the world faced the consequences of the fossil fuel industry's business model in the form of record-shattering heat, devastating wildfires, and other weather extremes.
The company's second-quarter profit surpassed analysts' expectations and brought its total profit for the first half of 2024 to $5.5 billion. BP on Tuesday also announced a 10% dividend increase, an expansion of its stock buyback program, and a green light for a new drilling platform in the Gulf of Mexico, even as international scientists say any new fossil fuel production is incompatible with critical warming targets set out by the Paris climate accord.
BP said that once completed, the new floating platform would have the capacity to produce 80,000 barrels of crude oil daily.
Chiara Liguori, Oxfam Great Britain's senior climate justice policy adviser, said in a statement that "the world can no longer afford fossil fuel companies putting short-term profits above people and planet."
https://www.commondreams.org/news/bp-profits
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