Reporters Discuss Fossil Fuel Profits Amid Climate Crisis

Reporters Jillian Ambrose and Damian Carrington are scheduled to host an online question-and-answer session on August 11, 2026, at 2 PM BST. The event is designed to allow readers to ask them anything about their recent reporting concerning fossil fuel profits and the ongoing climate crisis. Their latest front-page story, published last week, detailed the substantial financial gains made by eight of the largest oil companies over a three-month period. This surge in profits occurred amidst escalating energy prices, influenced by geopolitical events such as the conflict in Iran, and exacerbated by the intensifying climate crisis, which has led to severe heatwaves.

The Q&A session will provide a platform for readers to engage directly with Ambrose and Carrington, delving into the intricacies of their investigation. Participants will have the opportunity to inquire about the operational dynamics of oil markets, the financial performance of these major energy corporations, and the broader implications of their profitability in the context of global environmental challenges. The reporters are also prepared to address questions regarding the companies' commitments, or lack thereof, to transitioning towards cleaner energy sources. This discussion is particularly relevant as many of these firms have reportedly scaled back or withdrawn from their previously stated pledges for a clean energy transition, a move that has drawn significant scrutiny from environmental advocates and the public alike.

The report highlighted that the eight largest oil firms collectively generated $93 billion in profits within a single quarter. This financial windfall is directly linked to the volatility in global energy markets, where the conflict in Iran played a significant role in driving up prices. Simultaneously, the accelerating climate crisis, characterized by extreme weather events like deadly heatwaves, underscores the environmental consequences associated with the continued reliance on fossil fuels. The session aims to shed light on how these companies are navigating this complex landscape, balancing record profits with increasing pressure to address their environmental impact and contribute to sustainable energy solutions. Readers interested in participating in the Q&A are encouraged to log in or sign up via the provided link to submit their questions and engage with the reporters on these critical issues.