BP faces pressure over climate hypocrisy

climate hypocrisy

Protesters oppose BP’s plans to drill in the Australian Bight. Courtesy of: The Wilderness Society, 2016

BP is under pressure over its increasingly bare hypocrisy on climate change this week, with the British Museum being called on to drop it as a sponsor, and protests in Australia and outside its AGM in London demanding it abandon plans to drill for vast new reserves in the formidable, inhospitable frontier of the Great Australian Bight.

Shareholders at the AGM are angry that a dramatic increase to BP Chief Bob Dudley’s pay sends the wrong message given the company is being hammered by oil market volatility, and are calling on the company to explain how it will respond to the global transition away from fossil fuels.

Exxon knew, and BP knows the impact it is having on the global climate. But instead of putting their  businesses on a less destructive path, oil, gas and coal companies continue to chose to focus on denial, greenwashing and lobbying efforts, as they push for new reserves in deeper, riskier deposits, like BP’s plan to drill in the Great Australian Bight.

Six years on from the infamous Deepwater Horizon disaster, which is expected to cost the company $53 billion, the company is once again risking huge economic, reputational and environmental damage on a dire oil gamble; and is doing so at a time when most of the world has woken up to the disastrous consequences of remaining hooked on fossils, and is now racing into a clean energy future.

Key Points

  • Ending dangerous oil exploration will benefit people and planet. Despite paying out $20 billion in penalties for its Deepwater Horizon oil spill, BP continues to search for new reserves in deeper, riskier locations; such as the Australian Bight, where a spill could cost South Australia’s fishing and tourism industries over $1 billion, and decimate its rich marine ecosystem. Extracting and using oil pollutes the air,the water and the environment, and spills put people, their communities and livelihoods, local plants, fish and animals in danger. Only by plugging the boreholes – and favouring clean energy sources – will companies eradicate these threats.

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