'Tell your member of Congress it's time to stop the oil profiteering,' says a new video from StopBigOil urging passage of the Big Oil Windfall Profits Tax.
in March by Democrats in both chambers, the legislation would impose a per-barrel tax equal to 50% of the difference between the current price of a barrel of oil and the average price per barrel between 2015 and 2019.
That proposal is"a simple way to help everyday Americans by making Big Oil pay their fair share" and countering its"war profiteering," said Cassidy DiPaola, a spokesperson for Stop the Oil Profiteering. Jamie Henn, also a spokesperson for Stop the Oil Profiteering, noted that the Windfall Tax on Big Oil is overwhelmingly"Right now, the public is getting battered at the pump so that oil and gas billionaires can boost their portfolios and buy new mansions and super yachts.
The campaign's latest push for the legislative proposal followed a letter earlier this month from more than 120 advocacy groups to Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi "We need solutions that will provide communities the relief they need now," they wrote,"and we must hold the fossil fuel industry accountable for their profiteering."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rising rates could bring multi-billion-dollar windfall to Canadian companies with big DB pension plansRising rates could bring multi-billion-dollar windfall to Canadian companies with big DB pension plans — via financialpost Finance pensionplan
Read more »
South Africans are standing up to Big OilOn South Africa's breathtaking Wild Coast, grass-roots resistance is growing against Shell, as it seeks to conduct seismic tests to map the area’s geology
Read more »
Watch Angel Olsen's Gender-Subverting New Video for 'Big Time'Angel Olsen has finally shared the title track of her forthcoming album, Big Time, out June 3 on Jagjaguwar. The track fully embraces Olsen's country
Read more »
Russia's war heats up cooking oil prices in global squeezeISTANBUL (AP) — For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels. But in early April, with oil prices nearly four times higher than they were in 2019, the restaurant finally raised its prices .
Read more »
Green group sues Biden administration over oil and gas leasing proposalsAn environmental law group sued the Biden administration Monday over its report on reforms to the federal oil and gas leasing program, accusing the White House Council of Environmental Quality of 'political interference' in the Interior Department's recommendations.
Read more »