Last Spring, New York’s legislature passed a groundbreaking bill to make Big Oil pay for climate damages. The Climate Change Superfund Act (S.2129B and A.3351B) would force fossil fuel companies to pay their fair share for climate damages in New York State. But Governor Hochul refuses to sign the bill to make Big Oil pay, …
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Last week at his State of the Union address, President Biden took time to call out the excessive profits the oil industry has been posting: BP had just announced a $27.7 billion profit for 2022, more than doubling last year’s earnings. This announcement comes at the tail end of a record-shattering fourth quarter and 2022 …
Read more “Big Oil is stealing from the working class. Tax their windfall profits!”
October 31, 2022 Update: All this year we’ve been campaigning to get President Biden and Congress to support a windfall profits tax on Big oil. Well, today he came out and said it! This is the leadership we need to take on Big Oil’s price gouging and corporate greed. A windfall profits tax would help …
Fossil fuel companies are using the war in Ukraine as a pretext to raise gas prices, gouge customers, and doom the climate. Only a windfall profits tax can rein in their greed, and redirect their ill gotten billions to clean energy and climate action. Let’s start with the facts: At a Congressional hearing last week, …
Read more “Big oil is ripping you off – time for a windfall profits tax”