Reaction: BP’s ‘hideous’ profits must be taxed to pay for climate damage
Date: 1 August 2023
Campaigns: Climate
Reacting to BP’s Q2 profits of $2.6 billion, Dorothy Guerrero, head of policy and advocacy at Global Justice Now, said:
“Once again BP has raked in hideous profits as our planet burns. From people struggling with the cost-of-living in the UK, 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.
“Enough is enough. The government must stop turning a blind eye as shareholders line their pockets at our collective expense. It’s time to bring in a permanent polluters’ tax to hold BP and other fossil fuel companies to account for the damage they continue to wreak. Leaving this industry with the power to profit without consequence is not only morally abhorrent – it’s plainly ludicrous in the face of a climate catastrophe that threatens us all.”
ENDS
Global Justice Now is a UK-based campaigning organisation for social and environmental justice.
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