This is outrageous: Total just announced that it raked in €33 billion in profits in 2022. This comes on the heels of similar announcements from BP, Shell, Chevron, and ExxonMobil in the last week — these five companies together brought in a record-shattering €186 billion in profits last year.
While the planet burns and consumers are slammed with skyrocketing energy prices, we all are footing the bill for subsidies to the fossil fuel industry, totaling €5.5 trillion in 2020 alone!
It’s ridiculous — we are literally paying to destroy our own planet. Yet virtually all governments around the world are complicit in this catastrophic swindle.
It’s time to demand an immediate end to all fossil fuel subsidies, because if we keep paying to set the world on fire, we’re never going to solve the climate crisis.
Sign the petition today — if we reach 1 million signatures, we’ll deliver it to world leaders at the G7 Summit in Germany this June and make a splash in the media they won’t be able to ignore.
More information
BP posts record 2022 earnings to join Big Oil profit bonanza
CNBC. 7 February 2023.
CNBC. 7 February 2023.
TotalEnergies net profits double to record $36.2 bln in 2022
Reuters. 8 February 2023.
Reuters. 8 February 2023.
Big Oil faces scrutiny after huge jump in profits
CNN. 8 February 2023.
CNN. 8 February 2023.
Global fossil fuel subsidies almost doubled in 2021, analysis finds
The Guardian. 31 August 2022.
The Guardian. 31 August 2022.
Still Not Getting Energy Prices Right: A Global and Country Update of Fossil Fuel Subsidies
IMF. 24 September 2021.
IMF. 24 September 2021.
Shell’s Profit Soared to $42 Billion Last Year
The New York Times. 2 February 2023.
The New York Times. 2 February 2023.
ExxonMobil earnings more than double to annual record
CNN. 31 January 2023.
CNN. 31 January 2023.
