Six of #Europe’s largest #oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year.
“There are constituencies around the world who are having a very good crisis, & the oil producers are one of them,” said Patrick Galey, #FossilFuels lead at Global Witness, a nonprofit organization that investigates environmental issues.
#BigOil #WarProfiteering #ClimateChange #TrumpsWar #IranWar #US #Iran #Trump #economy #inflation #CostOfLiving #EnergyCrisis
“When you compare that to the hundreds of millions of people who are struggling with rolling #blackouts, with #electricity curbs, #rationing, waiting in line for #food queues, or the disruption to #fertilizers & the potential impact that that has on food #prices, we don’t think that it’s a justifiable price for the rest of the world to be paying,” Galey added.
#BigOil #WarProfiteering #FossilFuels #ClimateChange #TrumpsWar #IranWar #US #Iran #Trump #economy #inflation #affordability #oil #energy