The result rose from 2.8 billion dollars (£2.3 billion) last year (Nicholas T Ansell/PA)
(Picture: PA Wire)The news that BP has reported record profits of almost £7billion has not gone down well with bill payers and campaign groups.
The energy firm’s highest profits in 14 years come as people in the UK are warned their annual energy bills could reach on average £3,300 a year by January.
It led to campaign groups calling the situation a “Cost of greed crisis”, and the words “don’t pay UK” trending on Twitter - a campaign encouraging people to cancel their energy direct debits in October.
The Evening Standard’s Business Editor Jonathan Prynn talks us through the situation, BP’s announcement, and what might happen next.
Plus we speak with Ruth London from campaign group Fuel Poverty Action, who are calling for a basic level of free energy for all, and are backing the ‘Don’t Pay UK’ campaign.
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