Big Oil celebrates record profits as consumers grapple with high gas prices and the costly effects of extreme weather events driven by climate change.
Gov. Jay Inslee, legislative leaders, and representatives of labor and health care today announced the time has come for Washington state to tackle Big Oil’s record-breaking, excessive profits.
ollowing “monster profits” in 2022, several oil and gas giants have posted even higher Q1 profits for 2023. Their profits are rolling in at the same time communities everywhere grapple with record heat waves, deadly flooding, drought, wildfires and pollution-related medical conditions that average people and state governments are expected to pay for on top of sky-high fuel prices. Climate-fueled disasters cost the United Stated $165 billion in 2022.
Read more: medium.com