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Revealed: major oil firms make $93bn profits amid war and climate crisis (www.theguardian.com)
submitted 3 months ago by to c/world
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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.

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6 comments in c/news@lemmy.world view that post
[–] 1 point 3 months ago

Yeah! I'm sure after this huge cashout they'll totally get right on that.

Maybe the nations of the world can stop shooting at each other...And instead agree to point all their guns at the heads of the oil industry.

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    [–] 1 point 3 months ago*

    Good to know that we're all in it together! /s These bastards are directly leading to the most vulnerable in society starving or being unable to live safely. It's not just war that destroys people.

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    [–] 1 point 3 months ago

    I was so very worried about them. I am so thankful they can burn the world down and make a fine profit.

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    [–] 1 point 3 months ago (2 children)

    They were very happy we lost the focus on this. It needs to come back and also the focus on the environment...

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  • [–] 2 points 3 months ago (1 child)

    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)

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    • 3 comments in c/worldnews@lemmy.ml view that post
    [–] 5 points 3 months ago (1 child)

    Who would have thought that amidst an oil crisis the oil companies are making huge profits...

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    • [–] 2 points 3 months ago

    Has anyone ever measured the carbon footprint of a missile?

    Sigh, I suppose if they had done it wouldn't be reported by the toady corporate media anyway.

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    2 comments in c/collapse@sopuli.xyz view that post
    [–] 5 points 3 months ago (1 child)

    Great. More money for them to pump into disinformation, anti-trans campaigns and social division.

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    • 2 comments in c/world view that post
    [–] 2 points 3 months ago

    Oh, good for them. If there's one thing oil companies needed more of its money.

    I don't think I need the s/

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    [–] 2 points 3 months ago*

    There really should be a windfall profit tax. What the fuck?

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    1 comment in c/globalnews@lemmy.zip view that post
    [–] 1 point 3 months ago

    And that windfall should be taxed at a rate of 99.99% because fuck em, that's why.

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