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Study shows excess corporate profits in the US have become 'widespread'
Jun 24, 2022 15:15A new research paper finds that the US corporate price markups and profits jumped to their highest levels in seven decades last year.
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Boris Johnson to stress work as the fix for cost of living crisis
May 25, 2022 15:18UK ministers remain unable to decide on ways to relieve poverty as they wrangle over windfall tax for energy companies.
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IEA chief warns climate chaos certain if oil and gas mega-projects go ahead
May 14, 2022 16:41Revelations by the Guardian show nearly 200 carbon bomb projects are in planning, or have already started pumping, that will each result in at least 1bn tonnes of carbon dioxide emissions over their lifetimes, equivalent to about 18 years of current global emissions.
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'This is robbery': Chevron profits quadruple and Exxon's double amid Russia- Ukraine crisis
May 04, 2022 13:40Chevron and ExxonMobil announced Friday that their profits surged during the first quarter of 2022, prompting fresh calls for a windfall tax as the U.S.-based oil giants continue to exploit Russia- Ukraine crisis to hike prices at the pump and lobby for more drilling.
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Corporate profits reached record high of nearly $3 trillion in 2021
Apr 07, 2022 07:40As working-class Americans struggled with high inflation, corporate profits soared to a record high in 2021, reaching nearly $3 trillion.
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Revealed: Leading climate research publisher helps fuel oil and gas drilling
Feb 28, 2022 16:03James Dyke, Assistant Director of the Global Systems Institute at the University of Exeter, South West England, said “It’s hard to believe that Elsevier, a Dutch company that publishes research about the dangers of the climate and ecological crises is the very same company that actively works with oil and gas companies to extract more fossil fuels, which drags us towards disaster.”
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Biden issues more gas and oil drilling permits than Trump in his first year
Feb 20, 2022 17:57In the Gulf of Mexico, still recovering from an estimated 134 million gallons of oil spilled by BP in 2010, the Biden administration has leased record-breaking off-shore drilling rights to 33 gas and oil companies including Exxon-Mobil, BP, Shell, and Chevron.
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Facts give lie to claim record oil money is being poured into green projects
Feb 13, 2022 11:17UK’s oil and gas companies have reported bumper profits, as the gas crisis raises the price at which they can sell their fossil fuels, without raising the cost of their extraction.
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Environmental activists challenge ‘unlawful’ UK fossil fuel plan in high court
Dec 08, 2021 10:49Environmental campaigners will this week ask the high court to rule that the government’s fossil fuel strategy is unlawful, in a case that could undermine the UK’s claim to be leading the fight against climate change.
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American fishers want to sue big oil for killing their trade. But there’s a catch
Nov 22, 2021 15:58The environmental harm brought by rising ocean temperatures has severely undercut fishing seasons and supplies, at a steep cost to the industry. And so in response to years of setbacks, American union leaders pursued a novel strategy to reclaim lost earnings: by going after one of the culprits responsible for driving global temperatures.