Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business live
Rolling coverage of the latest economic and financial newsSurging profits across the oil industry, while Europe grapples with wildfires and drought, is prompting a strong backlash from environmental campaigners.Angharad Hopkinson, a political campaigner at Greenpeace, says:We’ve just experienced the driest July on record and BP has driven record-breaking droughts, unprecedented wildfires and extraordinary excess heatwave deaths. To cause this destruction while amassing $5.7bn in profits shows how corporate gains have become entirely divorced from the public good – ordinary people…
Source: www.theguardian.com