[ [link removed] ]350.org

 

 



This is big news,
John.

Yesterday, President Biden gave a press conference saying it’s time for
oil companies to stop war profiteering, meet their responsibilities to
this country, and give the American people a break on oil prices.

The White House has been clear since March that oil companies are gouging
consumers at the pump and setting artificially high prices to line their
own pockets.^1

ExxonMobil reported its highest earnings ever this past quarter
(surpassing its previous record set just three months earlier), while
Shell and Chevron reported their second-highest quarterly profit ever.^2

But since then, oil company profits have continued to skyrocket while
regular Americans suffer.

If Big Oil refuses to act, Biden warned that his team will work with
Congress to look at options available including paying a higher tax on
their excess profits.

But the time for warnings is over, we need action. We know that Big Oil
will continue to maximize profits no matter the cost – it’s what they’ve
done for decades.

We must come together and call on Biden to support a windfall tax on Big
Oil now. [ [link removed] ]If you agree that we must hold Big Oil accountable for high
gas prices and put that money back in the pockets of Americans and into
expanding renewable energy, will you sign our petition to President Biden
today?

[ [link removed] ]Sign now »

President Biden was very clear that “Oil companies’ record profits today
are not because of doing something new or innovative. They are a windfall
of war.”

Many will say that the solution to drive down prices is to increase
production. But the truth is: U.S. oil and gas production is already at
near record levels.^3

We're paying more because Big Oil is taking advantage of instability
caused by the war in Ukraine to keep prices artificially high – holding
low- to middle-income American consumers hostage.

Let us be crystal clear: The President calling for more production alone
won't help bring down prices – we need a Big Oil Windfall Profits Tax now.

For months, a growing number of members of Congress have also called for a
Big Oil Windfall Profits Tax that would hold Big Oil accountable for
profiteering and provide immediate relief by redirecting that money into
the pockets of hard-working Americans.^4

[ [link removed] ]If you agree that the time for action is now, please sign our petition
to President Biden. Together, we can turn these threats into real action
that will hold Big Oil accountable.

This announcement from Biden is a signal that our movement to hold Big Oil
accountable for their climate destruction and corruption is working.

Together, we can go even further and make Big Oil pay for not just their
profiteering, but for all the climate destruction they’ve caused as well.

Thank you for taking action.

- Team 350

[ [link removed] ]Sign now »



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1 - [ [link removed] ]POTUS Twitter
2 - [ [link removed] ]Reuters and [ [link removed] ]The Hill
3 - [ [link removed] ]Twitter
4 - [ [link removed] ]Wall Street Journal


 




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