BP took a hit of more than US$24 billion fromThe U.K.-based energy giant said Tuesday that its underlying profit soared to US$6.2 billion from US$2.6 billion in the same period last year, boosted by "exceptional oil and gas trading" conditions.
In response to the war, the United States, Canada, United Kingdom and Australia have banned imports of Russian oil, and the. EU countries are dramatically scaling back purchases of Russian natural gas, and Moscow has already cut off supplies to Poland and Bulgaria. "In a quarter dominated by the tragic events in Ukraine and volatility in energy markets, BP's focus has been on supplying the reliable energy our customers need," CEO Bernard Looney said in a statement. "But it has not changed our strategy, our financial frame, or our expectations for shareholder distributions," he added.
Progressives want to abscond short term profits yet complain about support for the same industry when oil is at $30bbl.
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Every Ontario political leader except Doug Ford makes major election pledges on tearing down accessibility barriers that impede 2.6 million Ontarians with disabilities AODA DoFo onpoli OnElxn
That's really nice.