Climate Action News: Biden is Beefing with Oil Executives
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,https://www.cnbc.com/2022/10/31/joe-biden-threatens-higher-taxes-on-oil-companies-amid-high-gas-prices.html On Monday, President Biden announced he will pursue a windfall tax on oil companies if they refuse to lower gas prices. “Their profits are a windfall of war,” Biden said, referring to Russia’s war in Ukraine, which prompted Western sanctions that reduced oil supply. “It’s time for these companies to stop their war profiteering.”
Climate Action News: Biden is Beefing with Oil Executives
Climate Action News: Biden is Beefing with…
Climate Action News: Biden is Beefing with Oil Executives
,https://www.cnbc.com/2022/10/31/joe-biden-threatens-higher-taxes-on-oil-companies-amid-high-gas-prices.html On Monday, President Biden announced he will pursue a windfall tax on oil companies if they refuse to lower gas prices. “Their profits are a windfall of war,” Biden said, referring to Russia’s war in Ukraine, which prompted Western sanctions that reduced oil supply. “It’s time for these companies to stop their war profiteering.”