Oil giant comes under fire from climate campaigners, as its earnings reach $8.46bn while ‘innocent civilians suffer’

BP’s quarterly profits have been labelled “obscene” after they hit an 18-year high of $8.46bn (£6.3bn), as the war in the Middle East drove up oil and gas prices.

The energy company hailed a “banner quarter” on Friday, with its underlying ​replacement ⁠cost profit – a key measure of its income – almost quadrupling in the three months to the end of September, from $2.2bn in the same period ​a year ​ago. The jump meant BP’s quarterly profits hit their highest level since the $8.9bn recorded in 2008.

Angela Eagle tells industry ‘people are sick of excuses’ as pollution levels remain high despite billions in investment

Angela Eagle, the environment secretary, has summoned water industry bosses to Whitehall after a report found that the environmental performance of the big companies has worsened despite investment.

“People are sick of excuses,” Dame Angela said, after the Environment Agency joined the Drinking Water Inspectorate, Natural Resources Wales and Ofwat for a joint report that rated eight of the nine water companies in England as “poor” or “requiring improvement”.