June 25, 2022

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Making a Killing: Big Oil Reaps Record Profits Using Ukraine War as Pretext to Hike Gas Prices

1 min read

House Democrats grilled CEOs of Big Oil companies, like ExxonMobil, Chevron and Shell, Wednesday about rising gas prices and profiteering from the Ukraine war. We get response from environmentalist Bill McKibben and speak with Ukrainian environmental lawyer ​​Svitlana Romanko about how the war in Ukraine is impacting energy markets around the world. “These are predatory companies that have used every excuse — and this is one of the grossest — to try and increase their profit margins,” says McKibben. “Dismantling and ending Putin’s horrific war against Ukraine will dismantle the system that enables this fossil fuel industry to overprofit,” adds Romanko.

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