Tag: big oil
Big Oil cashes in on Iran war as drivers face soaring...
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.
War-fueled oil profits deepen what critics call an obscene transfer of...
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.
Trump’s Iran war drives more than $100 billion to fossil fuel...
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.
Big Oil profits surge as Democrats push windfall tax tied to...
Lawmakers and advocacy groups propose taxing fossil fuel windfalls as war-driven price spikes hit American households and deepen inequality.
The reality behind JP Morgan’s ‘net zero’: Billions flow to Big...
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.
Why more environmental justice organizations must join the call for a...
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 pushes for tax breaks as Republicans seek corporate handouts
Big Oil has spent decades influencing U.S. tax policy, ensuring that it continues to receive billions in government handouts while avoiding taxes.
California’s bold move to hold Big Oil accountable for climate disasters
New bill aims to shift wildfire recovery costs from taxpayers to fossil fuel companies.
As extreme weather batters communities, New York climate activists show a...
December’s protests helped push the Climate Change Superfund Act over the finish line while garnering national attention.
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States settle antitrust suit over $111 billion Paramount-Warner Bros. merger
Critics say a force-majeure clause and a company-appointed editorial board leave the settlement's protections easy to escape.
Unions win settlement forcing Trump administration to rescind shutdown mass-firing policy
The agreement follows a court fight that began after roughly 4,200 federal employees received layoff notices during last fall's 43-day shutdown.
The best comeuppance for the first anti-American administration – perpetual exposure as the seditious...
If Russia or China wanted a Manchurian candidate (a brainwashed stooge who betrays his own background and constituency), could they have surpassed the president harumphing in the White House?
Federal judge orders White House to restore access for CNN, MS NOW and Politico
The order lasts 14 days, and the outlets have until Monday to seek a preliminary injunction after some reporters were briefly turned away despite the ruling.
Why didn’t Netanyahu’s cabinet preempt October 7 (since it knew about it in advance)?
New York Times reporting confirms Israeli leadership had advance intelligence before the October 7 attack, raising fresh questions about why it was not acted on.