“It’s time to bring in a polluters tax” – Global Justice Now responds to BP’s latest annual profit announcement

Date: 7 February 2023
Campaigns: Climate

In response to BP’s latest annual profit announcement, today, Nick Dearden, director of Global Justice Now, said:

“It should sicken people to their core that BP is responsible for more global historic emissions than most countries on earth, yet has no plans to stop polluting even in the face of a global climate crisis. With a newly established Loss and Damage fund, it’s high time governments mandated fossil fuel companies to start paying up for their role in the climate crisis, starting with these enormous profits announced today.

What’s even worse is that more than half of this ($14.7bn), made from the destruction of our planet, is leaving the pockets of struggling families and heading straight to super-rich shareholders, when millions of people can’t even afford to heat their homes.

Enough is enough. It’s time to bring in a polluters tax and hold BP truly accountable for the destruction they’ve wreaked across the planet.”

Notes

See Global Justice Now’s briefing on Making Polluters Pay:

Making Polluters Pay: Estimates for corporate climate debt and reparations