Wire report
Revealed: major oil firms make $93bn profits amid war and climate crisis
Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves. The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by “cashing in on human misery” and fund a rapid transition to renewable energy. Continue reading...
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Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves. The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by “cashing in on human misery” and fund a rapid transition to renewable energy. Continue reading...
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What happened
According to The Guardian’s linked report, Revealed: major oil firms make $93bn profits amid war and climate crisis, Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves. The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by “cashing in on human misery” and fund a rapid transition to renewable energy. Continue reading…
Context
The development sits in VINI’s Science coverage for readers following research, health, climate, space, medicine, and scientific institutions. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The linked report is dated 2026-08-04T17:49:16+00:00.
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Source
Primary source: Revealed: major oil firms make $93bn profits amid war and climate crisis via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Revealed: major oil firms make $93bn profits amid war and climate crisisThe Guardian - 2026-08-04T17:49:16+00:00
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