Showing posts with label big oil. Show all posts
Showing posts with label big oil. Show all posts

Friday, September 25, 2026

Saturday, August 8, 2026

Trump faces calls for windfall tax on big oil’s profits from Iran war

“Trump’s declaration that big oil is ‘making too much money’ belies his accommodation and giveaways to the industry that have enabled its price-gouging – not to mention his disaster of a war of choice against Iran,” said Tyson Slocum, energy program director at consumer advocacy nonprofit Public Citizen. “But like a broken clock that’s correct twice a day, the president is right that oil companies are ‘making too much money’, which means Trump should endorse a windfall profits tax.”…

 https://www.theguardian.com/us-news/2026/aug/07/trump-windfall-tax-big-oil-iran-war


Thursday, August 6, 2026

‘All hands on deck’: Oil industry rallies to keep Trump from stopping exports - POLITICO

Oil industry executives and White House officials, rattled by President Donald Trump’s growing criticisms of the sector, are making a renewed push to head off any move by the administration to curb U.S. petroleum exports, three people familiar with the effort said...

 https://www.politico.com/news/2026/08/05/oil-industry-prevent-trump-stopping-exports-01025641


 

Friday, June 26, 2026

Carbon Captured — ProPublica

An investigation by ProPublica and Drilled has found that fossil fuel companies have been funding climate research at prestigious U.S. universities for more than 30 years. Their support has helped amplify the work of scientists who promote the idea that we can stop the climate crisis without breaking our dependence on oil, gas and coal. 

The research produced by those schools in turn shaped global climate models, as well as the policy and technology solutions adopted by governments around the world. 

Ultimately, it fostered a misperception that climate change could be solved without dramatically curtailing fossil fuels — a notion that has delayed emissions cuts by decades...

https://projects.propublica.org/carbon-captured/ 


 

Saturday, April 25, 2026

Republican lawmakers attempt to shield big oil from climate lawsuits in ‘alarming’ bills

New House and Senate bills, led by Harriet Hageman, a Wyoming representative, and Ted Cruz, a Texas senator, respectively, would give oil and gas companies broad legal immunity from policies and lawsuits aimed at holding the industry accountable for damages caused by its emissions...

 https://www.theguardian.com/us-news/2026/apr/23/republicans-big-oil-climate-lawsuits


 

Saturday, February 7, 2026

Michigan Lawsuit Calls Big Oil a “Cartel” That’s Driving High Energy Bills – Mother Jones

In a first-of-its-kind complaint, the state's attorney general, Dana Nessel, accused four fossil fuel majors and the top US oil lobbying group last month of acting as a "cartel" to stifle the growth of renewable energy and electric vehicles (EVs), while suppressing information about the dangers of the climate crisis. The conduct, the lawsuit alleged, violates federal and state antitrust laws. 

The companies' "collusion" drove up Michigan utility costs and slowed the transition away from gas-powered cars, according to the filing. Absent the industry's efforts to repress clean technology, EVs "would be a common sight in every neighborhood—rolling off assembly lines in Flint, parked in driveways in Dearborn, charging outside grocery stores in Grand Rapids, and running quietly down Woodward Avenue," it said...

https://www.motherjones.com/politics/2026/02/michigan-lawsuit-big-oil-cartel-high-energy-bills-climate-crisis-accountability/ 


 

Saturday, January 10, 2026

Venezuela is ‘uninvestible’ for now, Exxon CEO tells Trump in White House meeting - POLITICO

"If we look at the legal and commercial constructs and frameworks in place today in Venezuela today, it's uninvestable," Woods told Trump in a White House meeting packed with fellow oil and gas executives. "Significant changes have to be made to those commercial frameworks, the legal system. There has to be durable investment protections, and there has to be a change to the hydrocarbon laws in the country."…

 https://www.politico.com/news/2026/01/09/venezuela-is-uninvestible-for-now-exxon-ceo-tells-trump-in-white-house-meeting-00720198


Tuesday, January 6, 2026

Trump administration launches new bid to pressure US oil companies on Venezuela - POLITICO

Calls that Energy Secretary Chris Wright and Interior Secretary Doug Burgum are planning with chief executives represent some of the first official outreach that the administration has made to the U.S. companies after months of informal discussions with people in the sector, these people said — days after President Donald Trump told reporters that "our very large United States oil companies" will "spend billions of dollars" in Venezuela...

https://www.politico.com/news/2026/01/05/trump-venezuela-oil-fields-00710893 


 

Dense, sticky and heavy: why Venezuelan crude oil appeals to US refineries

Venezuelan oil is particularly dense and sticky. The high-sulphur crude more closely resembles a semi-solid tar than the far clearer liquids produced in US shale heartlands, making it more difficult to extract and process into gasoline, diesel, jet fuel and feedstock for the chemicals industry. But it is exactly what many refineries in the US were built to treat. 

As a result, the US remains a major importer of crude to feed its refineries, despite being one of the biggest oil exporters in the world. Access to Venezuelan crude at an attractive price could play an important role in sating Trump's appetite for cheap energy to fuel the "reindustrialisation" of the US economy...

 https://www.theguardian.com/business/2026/jan/05/venezuelan-crude-oil-appeals-to-us-refineries


 








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