Friend,

Exxon just reported a profit of $17.9 billion in the last THREE MONTHS
-- triple what the country made a year ago.(1)

Exxon and the rest of Big Oil is not delivering a product that’s three
times as good as it was in 2021. They are just profiting off media
coverage of war and scarcity, pumping up record high prices so they can
deliver huge dividends to their shareholders. Meanwhile, the rest of us
struggle to fill our tanks.

President Biden has criticized oil and gas companies’ massive profits, but
unlike other governments around the world, his administration has so far
refused to endorse the one action that would actually hold Big Oil
accountable -- a windfall profits tax.

[ [link removed] ]Watch the exclusive report by our friends at More Perfect Union Media
and then add your name to our petition to President Biden, calling on him
to endorse a windfall profits tax on Big Oil.

Let’s look at the United Kingdom to see what’s possible: Every household
in the UK receives a £400 discount on their energy bill -- roughly $480.
On top of that, the 9 million poorest households get another £650 (about
$775) as a direct payment. Pensioners and people with disabilities get
even more. All of those payments are funded, in part, by a 25% surcharge
on the windfall profits of oil and gas companies.

We must do it here, too. A windfall tax would take some of those billions
back and give them directly to people who are struggling the most with the
skyrocketing cost of living.

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It’s not just the UK.

Italy, Spain, Romania, and Bulgaria are spending big to provide tangible
inflation relief for working people, and they’re using excess oil and gas
profits to do it.

In America, we do none of these things. And instead of Big Oil paying
their employees more or transitioning to green energy, they are pumping
billions of dollars into stock buybacks -- a Wall Street scam that
increases CEO pay at the expense of investments in workers, innovation,
and workplace safety.

[ [link removed] ]The Biden administration must follow in the footsteps of the UK, Spain
and Italy, and deliver real relief. Sign our petition to the president
demanding he fight for a windfall profits tax plan with direct rebates to
consumers like the one authored by Senator Sheldon Whitehouse.

Instead of begging oil executives to start playing nice, Democrats need to
start holding them accountable and delivering for working people.

Thank you for taking action today.

–Irene, along with Amber, Angela, Annie, Mai, Isidra, Jay, Lindsay,
LisaMarie, Mai, Raquel and Scottie (the Courage team)

Footnote:
1.
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Courage California (formerly Courage Campaign) makes sure our democracy works for ALL of us by fighting corruption in California politics. We believe the solution lies in exposing and solving systemic problems through strategic organizing, enhancing coordination between progressive organizations, and mobilizing civic engagement from our communities, particularly voters of color, young voters, and self-identified progressives.

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