Tag Archives: House Natural Resources Committee

As Consumers Pay, Oil CEOs Refuse to Testify to Congress About Soaring Prices

“While Americans struggle with high gas prices, these companies are doing victory laps, showering their already wealthy executives and shareholders with billions in stock buybacks and bonus compensation,” said one watchdog group. “They should be ashamed.”

By Julia Conley  Pubished 3-29-2022 by Common Dreams

Photo: Joel Kramer/flickr/CC

As people across the United States face record-high gas prices—compounded by rising grocery bills and prices for other essentials—executives at three major oil companies are refusing to testify before Congress about what their firms could do to lessen the burden on U.S. households, leaving Democratic lawmakers and consumer advocates to condemn the companies for profiting amid lower and middle-class people’s financial pain.

Rep. Raúl M. Grijalva (D-Ariz.), who chairs the House Natural Resources Committee, had invited the CEOs of EOG Resources Inc., Devon Energy Corp. and Occidental Petroleum Corp. to testify next week, only to be rebuffed Tuesday by the executives, who have personally profited off gas prices which averaged $4.24 per gallon on Monday. Continue reading

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‘Subsidizing the Climate and Ecological Crisis’: Biden Approving Fossil Fuel Permits Faster Than Trump or Obama

AP’s findings run counter to the president’s campaign vow to end oil and gas extraction on public lands.

Andrea Germanos, staff writer for Common Dreams. Published 7-13-2021

Photo: Sunrise Movement/Facebook

Flying in the face of the White House’s reference to the climate crisis as an “existential threat” and President Joe Biden’s campaign pledge, his administration has so far approved fossil fuel drilling permits on public and tribal lands at a faster rate than his two immediate predecessors, a new Associated Press analysis has found.

“We’re not only subsidizing the climate and ecological crisis,” climate activist Greta Thunberg tweeted in response to the new reporting, “we’re speeding it up.” Continue reading

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