Tag: big oil

How oil execs shaped a landmark climate study.

While Americans confront the highest fuel prices in years after the U.S.-Israel war on Iran disrupted global oil markets, fossil fuel giants are reporting surging profits, expanding stock buybacks, and prioritizing shareholder payouts over increased production.

As TotalEnergies and BP post surging profits tied to oil price shocks from the U.S.-Israeli war on Iran, critics warn that fossil fuel giants are once again converting geopolitical crisis into shareholder windfalls while households absorb the economic pain.

Analysis finds oil and gas price spikes linked to the conflict have shifted massive wealth from households and businesses to major energy companies while lawmakers propose taxing windfall profits.

Lawmakers and advocacy groups propose taxing fossil fuel windfalls as war-driven price spikes hit American households and deepen inequality.

JP Morgan’s “green” funds have funneled over $4 billion to the fossil-fuel majors, betraying the firm’s promises and undermining efforts to achieve net zero.

An open letter initiated by CODEPINK urges the world to take the arduous baby step of recognizing the deadly intersection of war and environmental destruction.

Big Oil has spent decades influencing U.S. tax policy, ensuring that it continues to receive billions in government handouts while avoiding taxes.

New bill aims to shift wildfire recovery costs from taxpayers to fossil fuel companies.

December’s protests helped push the Climate Change Superfund Act over the finish line while garnering national attention.