big oil

Biden Threatens Windfall Tax for Fossil Fuel ‘War Profiteers’

Biden Threatens Windfall Tax for Fossil Fuel ‘War Profiteers’

President Joe Biden threatened major oil companies with a windfall tax after they announced massive profits following a surge in energy prices prompted by Russia’s invasion of Ukraine.  ExxonMobil, for example, announced October 28 that it had earned $19.7 billion in profits during the third quarter of 2022. That’s more than the fossil fuel company […]

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    Jane Fonda Establishes a Climate PAC

    Jane Fonda Establishes a Climate PAC

    Climate activist and actress Jane Fonda has announced a new political action committee (PAC) aimed at getting Big Oil’s political allies out of office. Fonda is no stranger to political action, and in recent years, she’s been arrested five times for protesting climate issues. Now, she wants to fight the fossil fuel industry’s financial hold […]

    Exxon CEO Accused of Lying About Climate Science to Congressional Panel

    Exxon CEO Accused of Lying About Climate Science to Congressional Panel

    By Chris McGreal This story originally appeared in the Guardian and is part of “”Climate Crimes,”” a special series by the Guardian and Covering Climate Now focused on investigating how the fossil fuel industry contributed to the climate crisis and lied to the American public. The chief executive of ExxonMobil, Darren Woods, was accused of […]

    Biden Admin. Sued for Giving Big Oil Green Light to Harass Polar Bears, Walruses

    Biden Admin. Sued for Giving Big Oil Green Light to Harass Polar Bears, Walruses

    By Jessica Corbett A coalition of conservation groups sued the Biden administration on Thursday over the U.S. Department of the Interior’s recent rule allowing fossil fuel companies to harass polar bears and walruses while searching and drilling for oil and gas in the Southern Beaufort Sea. Announced last month by the U.S. Fish and Wildlife […]

    Big Oil’s ‘Wokewashing’ Is the New Climate Science Denialism

    Big Oil’s ‘Wokewashing’ Is the New Climate Science Denialism

    By Amy Westervelt This story originally appeared in The Guardian and is published here as part of Covering Climate Now, a global collaboration of news outlets strengthening coverage of the climate story. ExxonMobil has been touting its commitment to “reducing carbon emissions with innovative energy solutions”. Chevron would like to remind you it is keeping […]