BREAKING: On a video call with shareholders, Shell CEO admits that Russia's war on Ukraine has helped the company TRIPLE its profits in the first quarter.
He doesn't want to call it a "windfall' so we'll just call it what it is: war profiteering.
https://twitter.com/ClimatePower/status ... 0243635201
Instead of using this cash to make the investments needed to help lower the price of oil or to fulfill their climate pledges, companies are giving most of it back to their already extremely wealthy shareholders in the form of stock buybacks or giving it back to themselves in the form of executive bonuses. Last year, 28 of the top oil and gas CEOs raked in $394 million in compensation—a nearly $45 million increase since 2020.
So just how rich have these companies gotten during the first three months of 2022?*
https://www.americanprogress.org/articl ... -the-pump/
shell CEO admits war profittering...
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shell CEO admits war profittering...
the intolerance of the old order is emerging from the rosy mist in which it has hitherto been obscured.
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shell CEO admits war profittering...
House Democrats pass bill against gas price gouging with no Republican votes
House Republican Whip Steve Scalise wrote to Republican members that the bill was an "attempt by the Majority to distract and shift blame" for high gas prices. Scalise wrote that there was no evidence of gas price gouging.
Bernie Sanders to hold hearing on how "corporate greed and profiteering" are fueling inflation
https://www.salon.com/2022/04/05/bernie ... n_partner/
The U.S. House on Thursday passed a bill to prevent gasoline price gouging bill without a single Republican vote in favor. The vote was 217-207.House Republican Whip Steve Scalise wrote to Republican members that the bill was an "attempt by the Majority to distract and shift blame" for high gas prices. Scalise wrote that there was no evidence of gas price gouging.
Bernie Sanders to hold hearing on how "corporate greed and profiteering" are fueling inflation
https://www.salon.com/2022/04/05/bernie ... n_partner/
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shell CEO admits war profittering...
and to think we subsidize this industry
they get several times more than they ever pay in taxes
villians...
they get several times more than they ever pay in taxes
villians...
the intolerance of the old order is emerging from the rosy mist in which it has hitherto been obscured.
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shell CEO admits war profittering...
because they are are non-renewable energy, the industry gets unbelievable breaks, the fukerz are the ones who coined the term 'fossil fuels' so they could get that break.