Tag: big oil
Fossil fuel defendants in climate liability lawsuits keep losing in their bids to keep cases in federal courts.
Biden accused the companies of taking advantage of the war to fill their coffers and calling on them to instead work to reduce prices.
The California Democrat's bill would temporarily bar U.S. gas exports when prices at the pump are high—like they are right now.
“The overall industry is being assaulted right now through policy changes at the state and federal level. That’s the story writ large. The industry is dying.”
"Big Oil is boasting record profits and dragging their feet to pass any lower costs onto consumers in order to keep padding investors' pockets," said Accountable.US.
Calls for windfall profits taxes have increased globally in recent weeks
Big Oil lied to us for decades about climate change.
Despite claims of transitioning to cleaner energy, internal emails and documents obtained by a congressional investigation show oil companies trying to protect their fossil fuel investments through public narratives that conflict with private communications.
While you pay through the nose at the gas pump, Big Oil is lining its pockets.
"Make no mistake; these profits mark a large transfer of wealth from working- and middle-class people to wealthy oil executives and shareholders," said Jordan Schreiber of Accountable.US.