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BP dividends

EDM (Early Day Motion) 669: tabled on 05 December 2022

Tabled in the 2022-23 session.

This motion has been signed by 14 Members. It has not yet had any amendments submitted.

Motion text

That this House condemns BP’s failure to honour its commitment to exit investments in Russia; notes that BP remains the largest private shareholder of Russia’s biggest oil company, Rosneft, and as such is receiving wartime dividends totalling £580 million; notes that these dividends are equivalent to over one quarter of all aid provided by the Government to Ukraine and that continued UK investment in Russian oil undermines our country’s significant support for the people of Ukraine; further notes that BP is indirectly profiteering from the Kremlin’s egregious war in Ukraine; and calls on the Government to persuade BP, and any British company still invested in Russian oil and gas, to dedicate wartime dividends and profits to the reconstruction of Ukraine and to victims of the war and, if they fail to do so, calls on the Government to levy a special windfall tax to achieve the same purpose.