Hi,
When Pioneer Natural Resources, the largest oil company in Texas, tried to
pull off a fossil fuel mega-merger with ExxonMobil, the Federal Trade
Commission discovered evidence that Pioneer was illegally colluding with
OPEC, the oil cartel, to keep gas prices high.^1
Now, Senate Democrats are urging the Department of Justice (DOJ) to
investigate Pioneer for fossil fuel price collusion.^2 The DOJ should
extend its investigation into any and all fossil fuel corporations
engaging in illegal behavior to jack up gas prices.
[ [link removed] ]Sign the petition: Investigate and prosecute Big Oil!
ADD YOUR NAME
U.S. oil producers are explicitly prohibited by federal law from price
fixing and from taking actions that restrict competition. But the reality
is that corporate executives at Big Oil, Big Pharma, health insurance
companies, Big Tech, and supermarket chains are always looking for ways to
increase profits at the expense of consumers — sometimes, they even break
the law.
"These reports are alarming," said the group of Senate Democrats in their
letter to the DOJ, "and lend credence to the fear that corporate avarice
is keeping prices artificially high."^3
From lying about climate change for decades and allegedly manipulating
prices, Big Oil must be held accountable.
[ [link removed] ]Sign the petition: Urge the DOJ to hold Big Oil accountable!
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Federal Trade Commission, “FTC Order Bans Former Pioneer CEO from
Exxon Board Seat in Exxon-Pioneer Deal,” [ [link removed] ]May 2, 2024.
2. Reuters, “Democratic senators seek probe of allegations of collusion
between OPEC and oil industry,” [ [link removed] ]May 31, 2024.
3. Ibid.
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