Human rights campaign group Global Witness said BP had invested nearly £9bn in oil and gas last year, compared with £1.3bn on renewables and low carbon energy.

Lela Stanley, head of fossil fuels investigations at the group, said: "As the world battles extreme weather disasters supercharged by fossil fuels, it is wrong that polluters such as BP can double down on the oil and gas that is driving climate breakdown."

Elena Polisano, head of Greenpeace's climate justice campaign, said pressure was growing on governments "to see these fossil fuel billions as fair game to be directed towards extreme weather recovery funds, as is already happening in Vermont and New York".

She added that oil majors including BP were fuelling the climate crisis, "so it's only fair to make polluters pay".