BP and Shell’s yearly profits exceed combined GDP of five most climate-vulnerable countries, study finds
Protesters gather outside the InterContinental Hotel at the O2 in London, where the oil majors annual general meeting is taking place, May 21, 2024
BP and Shell’s profits over the last year have exceeded the combined GDP of the five most climate-vulnerable countries, a new analysis found today.
The fossil fuel giants raked in combined profits of £30 billion between October 2023 and September this year.
According to NGO Global Justice Now, this surpasses the combined gross domestic product of Chad, the Solomon Islands, Niger, Micronesia and Guinea-Bissau, which add up to £26bn.
More from this author
Government urged ‘to tackle the root causes’ of the NHS crisis and improve ‘social care services’
Meanwhile, Defend Our Juries say the fact that only half of the protesters faced arrests ‘shows how unworkable and unenforceable this ban is’
