The Oil Giants have announced their profits for the first three months of 2022:
- Exxon made $5.5 billion.
- BP made $6.2 billion.
- Chevron made $6.3 billion.
- Shell made $9.1 billion — its best quarter ever.
That puts these four dirty energy companies on pace for $108.4 billion in combined profits this year.
On top of their $71 billion in combined profits last year.
Again, we’re talking about profits.
And it’s not like they’re using that windfall to invest in renewables. Instead, they’re using it to buy back their own stock.
Meanwhile, Big Oil’s greed and irresponsibility have brought us to the brink of climate catastrophe that threatens the continued viability of human civilization as we know it.
To hell with these guys.
Legislation has been introduced in Congress to tax the oil industry’s obscene windfall profits and return money directly to taxpayers.
Tell Congress:
It is long past time to give consumers a break and to take meaningful action to avert climate disaster. Pass legislation without delay to tax Big Oil’s windfall profits.
Add your name now.
Thank you for taking action.
For progress,
- Robert Weissman, President of Public Citizen
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