Big Oil: Billions in profits as the planet warms

Oil drilling, refining and sales of petrol and diesel is big business around the world. Including in New Zealand where big oil makes big profits. Some examples of the corporate profit being made out of New Zealand by big oil includes, During the 2011-2012 financial year Shell made profits from its Taranaki oil and gas drilling of $162 million. During the 2011-2012 financial year NZ Oil and Gas made $19.9 million profit from its stake in Taranaki's offshore oil and gas fields. During the 2012 financial year Austrian oil giant OMV made $179.3 million profit from its share in Taranaki's offshore oil and gas fields. Todd Energy with stakes in many offshore oil and gas fields made $330 million profit in 2010. During the 2012 financial year the New Zealand Refining Company made a $32.7 million profit from the refining of oil into petrol and diesel at the Marsden Point refinery. NZRC is majority owned by the five big petrol companies in NZ - Exxon Mobil, BP, Chevron, AEL