BP has ambitious plans to move beyond fossil fuels – but are they enough?

The oil giant revealed its four-fold increase in profits alongside pledges on investment in cleaner energy

When BP revealed this week that bumper profits had reached an eight-year high, helped by the same soaring gas prices that have fuelled a national cost of living crisis, it had a political sweetener already prepared.

The oil firm revealed the four-fold profit increase to $12.8bn alongside a promise to spend more on low-carbon energy alternatives, and invest more than 2 for every 1 it made in Britain this decade.