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Daily Record
Daily Record
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Oil giant BP pocketing £23 billion in profits is disgusting

It's disgusting that BP is pocketing £23billion in profit while millions of Scots struggle to pay their bills.

Oil and gas giants like BP – and last week Shell, which posted bumper earnings of £33billion in 2022 – have never had it so good.

All while thousands of people shiver in their homes, facing the heartbreaking choice between heating and eating.

But we don’t only face an immediate cost of living crisis – we’re also in the early days of a far longer-term climate crisis.

Yet BP has decided to use its bumper profits not to invest heavily in the renewable technologies our planet desperately needs, but to instead ramp up spending on new oil and gas.

The energy firm plans to spend almost £1billion more every single year until 2030 on fossil fuel projects.

Unsurprisingly, that leaves their own green targets in tatters.

When he was appointed CEO in 2020, BP boss Bernard Looney promised a new dawn where the oil giant would go net zero by 2050.

As part of that, he vowed to slash emissions and fossil fuels production each by 40 per cent by 2030. Now, all of that has been drastically watered down, the targets cut by a third or more.

BP says this is necessary because of the impact of Russia’s war in Ukraine on energy supplies.

There’s no doubt that’s a huge issue, and we all know the transition away from fossil fuels has to be done carefully.

But let’s not kid ourselves, these oil companies are laughing all the way to the bank. At the expense of the rest of us – while our planet cooks.

Aid is vital for quake survivors.

THE devastating loss of life in Syria and Turkey from the two earthquakes which rocked the countries on Monday is a tragedy of mammoth proportions.

Currently the death toll is sitting around 5000, but the World Health Organization believes the final figure could be much higher.

And many thousands more are injured or left without homes.

Time is of the essence to save as many lives as possible, but rescuers are hampered by the appalling weather conditions and the political situation in war-torn Syria.

Experts believe they only have another 24 hours before the chance of finding survivors is lost.

That’s why getting aid to those countries immediately is vital.

If you can manage to do so, please support charities like SCIAF who are doing everything possible to help save lives.

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