Thread by @tessakhan

First Shell, now BP reveals the profits it's made from soaring gas prices. BP raked in £9.5 billion in profits last year, while people in the UK are forgoing meals to heat their homes.

BP says it needs all of this money to "accelerate the greening" of BP. Really?
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BP has promised for years that it's ‘greening’ its operations. In reality, its investment in renewables (as a share of capital expenditure) declined from 5.6% in 2018 to 2.6% in 2019, according to the industry lobby group OGUK.
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And while BP will point to recent investment in UK wind, its big prospect in the North Sea is a huge oil field, Clair South, from which it plans to extract nearly 300m barrels of oil. This isn’t oil to meet local energy demand. 80% of North Sea oil is exported.
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Not to mention that BP has just upped its shareholder distributions, announcing $4 billion of share buy-backs plus has promised to prioritise dividends--so much for needing that cash to green its operations!
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It doesn't matter if we're facing a cost of living crisis or a climate crisis (or both!), @bp_UK and the rest of the oil & gas industry are committed to one thing: getting rich by drilling for oil and gas.

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