Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage
Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.
The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by “cashing in on human misery” and fund a rapid transition to renewable energy.
Guardian analysis found that the eight listed oil producers made almost $93bn (£69bn) in the three months to the end of June – the first full financial quarter after the US-Israeli war on Iran triggered a surge in global oil prices to highs above $126 a barrel.
They were very happy we lost the focus on this. It needs to come back and also the focus on the environment…
I feel like we already lost the environment. Now we can only fight the consequences, which inevitably could/will make climate change even worse (Ie. ACs or dumping pollution into the skies)
If we were to take things as serious as they are we’d immediately <redacted because it’s illegal to talk about>