These would be two of the largest Big Oil mergers in decades. The deals would give two giant polluters even more power to pollute and are part of Big Oil's plans to continue to profiteer off the wars in Ukraine and Gaza. Mega-mergers always reduce competition in the oil and gas industry, leading to higher prices, worse labor conditions, and a dangerous concentration of power and money in the hands of fossil fueled fascists that Trump is actively courting for support.
That's why anti-trust critics like Senator Elizabeth Warren are calling on the FTC to review these mergers. Let's just look at Exxon for a moment. Exxon knew about the climate crisis in the 1970s, but that didn’t stop the oil giant from continuing its fossil fuel production. Exxon's predictions about warming temperatures were "remarkably accurate." Despite having this knowledge, Exxon kept on drilling for oil AND publicly cast doubt on climate science for years.
Exxon and Chevron are ramping up fossil fuel production at a time when the science and the reality of climate change are clear. We can't let Big Oil giants get even more powerful as the climate crisis intensifies.
Sign here to tell President Biden and the FTC : Stop these $50+ billion Big Oil mega-mergers!
Thanks,
Drew and the 198 methods to cut Big Oil down to size crew