Oxfam response to BP’s Q2 profits

“It is inexcusable that BP, one of the world’s most polluting and profitable fossil fuel companies, continues to rake in billions of pounds while low-income countries are in urgent need of funds to tackle the devastating impacts of the climate crisis despite doing the least to cause it.

“The world can no longer afford fossil fuel companies putting short-term profits above people and planet. The costs of inaction are already here with deadly heat waves, wildfires, flooding and drought but it is people living in poverty who are left paying the highest price.

“With world leaders set to agree a new goal on climate finance at COP29 later this year, the new UK Government has the opportunity to increase taxes on some of the world’s most profitable fossil fuel companies to help raise the vital funds needed to support communities on the frontline of the crisis as well as incentivising a fair switch to clean, renewable energy at home.”

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