“This is the right thing for President Biden to do,” said Rep. Ro Khanna. “It’s time to hold Big Oil accountable for high gas prices and put that money back in the pockets of Americans.” Following months of sustained pressure from progressive campaigners and members of Congress, President Joe Biden on Monday is reportedly planning to […]
“Instead of providing badly needed relief to consumers, they spent over $32 billion to enrich their wealthy shareholders while forcing American families to foot the bill.” ExxonMobil and Chevron, the largest oil companies in the United States, posted respective third-quarter profits of nearly $20 billion and $11.2 billion on Friday as American consumers continue to face high […]
Corporate profits hit a record $2 trillion in the second quarter. Meanwhile, many workers are unable to afford a $400 emergency payment. A new report out Monday shows that 59% of U.S. consumers were living paycheck to paycheck last month and many were unable to afford an emergency expense of $400—all while the country’s corporations enjoy […]
“In the Covid-19 pandemic, world leaders have allowed pharmaceutical companies to place extraordinary profits ahead of saving lives,” lamented one campaigner As Moderna reported higher-than-expected revenue driven entirely by sales of its publicly funded Covid-19 vaccine, health equity campaigners on Wednesday renewed calls for pharmaceutical companies to waive patent protections in order to share their lifesaving […]