Climate activists disrupt BP's meeting in London

LONDON

Climate activists on Thursday disrupted BP's annual meeting as its boss reaffirmed plans to allocate additional funds to fossil fuels.

The chief executive Bernard Looney is planning to invest additional eight billion dollars in oil and gas by 2030.

During BP's annual general meeting, climate activists disrupted proceedings and demanded that the oil company take accountability for its contribution to the climate crisis.

As the BP chair began his speech at the ExCel center in London, a woman shouted out that he was lying about the climate crisis, according to local reports.

She expressed that the company's target to achieve net-zero emissions by 2050 was too far in the future and that the world is approaching a critical point.

The British media said security forces removed seven protestors from the inside of BP's annual shareholder meeting, where chairman Helge Lund and CEO Looney were speaking.

In 2020, BP's "net zero carbon" plan earned guarded approval from climate activists, as it aimed to decrease the firm's oil and gas production by 40% compared to 2019 by the end of the decade.

However, the company revised the target to 25% by 2030 after recording its most significant profits in its 114-year history, aided by surging oil and gas prices attributed to the conflict in Ukraine.