On Wednesday’s broadcast of CNBC’s “Squawk Box,” White House Senior Adviser on Energy Security Amos Hochstein argued that oil companies can “invest today in short cycles that will increase production” “instead of trying to lock in more profits” and vowed that
On Wednesday’s broadcast of CNN’s “New Day,” Energy Secretary Jennifer Granholm said that a surtax on excess profits from oil companies “is a tool,” and “no tool has been taken off the table” by President Joe Biden.
White House press secretary Karine Jean-Pierre began the daily press briefing by pointing out that oil companies continued to make record profits while prices continued to climb.
Germany is proposing new antitrust powers to clamp down on oil companies after a cut in fuel taxes saw little impact for consumers.
On Wednesday’s broadcast of CNN’s “New Day,” Rep. Adam Smith (D-WA) stated that he would be surprised if oil companies weren’t engaging in profiteering on gas prices and Congress needs to “keep an eye on that and try to make
The fossil fuel-dominated energy sector and the banking sector have the best one-month performance, indicating a rotation of leading stocks as the Biden administration took hold of the White House.
A federal district judge in San Francisco dismissed on Monday a lawsuit brought by the cities of San Francisco and Oakland seeking financial compensation from oil companies for the cost of fighting climate change, including building walls to protect the municipalities from future sea rise.
