Why it matters:
BP announced it would continue investing $10 billion annually in oil and gas to increase revenues. Such a boosting investment in fossil fuels runs counter to global initiatives to reduce carbon emissions and tackle climate change. Environmentalists contend that such actions jeopardize the progress required to achieve the climate objectives established by international accords.
What they're saying:
The Daily Mail says that in 2020, BP announced it was seeking to become a company without producing polluting gases by investing in green fuels.
The Guardian also says BP is shifting its strategy for 2020 to focus on generating more revenue. Still, it could instead strengthen its production portfolio by starting 10 large-scale oil and gas projects by 2027, with an additional eight to 10 projects by the end of the decade.
Environmentalists have staged numerous protests outside the headquarters of oil and gas companies in the UK, accusing them of violating their environmental commitments and avoiding their responsibilities to reduce pollutants while making substantial profits.
State of play:
British police have arrested climate change protesters demonstrating against the government and corporate policies. Many of these protesters have been taken to court, and some have even been jailed.
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Mohammad Kazemi
