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Their website includes a press release titled, “Committee Hearing Examines Fossil Fuel Industry’s Role in Climate Disinformation,” in which Dr. Isabella M. Weber, Ph.D., Assistant Professor of Economics at UMass, Amherst confirmed what we all already know… that, “We have seen in the present crisis that profits are the ultimate and only goal of Big Oil corporations.”
United Nations Secretary General António Guterres believes this state of affairs is abhorrent. In an article titled, “Amid world crises, ‘grotesque greed’ wins out” by Ishaan Tharoor, August 8, 2022, The Washington Post quoted him as saying, “It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities.”
Speaking at the House Oversight hearing regarding skyrocketing oil company profits, Raya Salter, Esq., Founder and Executive Director of the Energy Justice Law and Policy Center stated: “We absolutely need to be looking at all of the significant ways that we can address inflation, and looking into where profits have been a windfall.”
Recent Congressional efforts to limit price gouging with a form of windfall tax, face stubborn obstruction in Congress, with Republicans firmly against imposing such measures.
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