Oil Giants Record Profits Spark Windfall Tax Demands
#OilProfits #WindfallTaxMajor oil companies post record profits from wartime crude prices, earning $404 million daily combined. Conflict in the Middle East and Ukraine attacks drive fuel costs higher, sparking windfall tax calls. Executives focus on debt repayment over new drilling, expecting temporary imbalance. read more
U.S. lawmakers propose windfall oil profit tax
#OilProfits #WindfallTaxOil companies make billions from war-driven price spikes while production costs stay flat. U.S. lawmakers propose taxing half of excess profits to fund rebates for lower-income Americans. Past U.S. and current U.K. windfall taxes offer lessons. read more
Iran reviews US proposal as Trump claims deal near
#IranWar #OilProfitsIran reviews U.S. war proposal as Trump claims progress. Oil giants profit from conflict. Rubio meets Pope Leo after Trump’s criticism. Forest Service cuts fuel reduction. Sloths die at Florida zoo. Ted Turner dies at 87. read more
Oil Giants Amass $500bn Since Ukraine War
#OilProfits #ClimateCrisisFive oil giants made nearly $500bn in profits since Russia's Ukraine invasion, analysis shows. Shareholders received $444bn, exceeding EU 2025 clean energy spending. Critics argue profits highlight continued fossil fuel reliance over climate commitments. read more