financetom
Business
financetom
/
Business
/
US lawmakers urge Justice Department to probe climate deception by Big Oil
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US lawmakers urge Justice Department to probe climate deception by Big Oil
May 22, 2024 1:35 PM

May 22 (Reuters) - U.S. lawmakers behind a congressional

probe of major oil companies on Wednesday called on the Justice

Department to investigate whether the industry deceived the

public about fossil fuels' impact on climate change.

Two Democrats, Senator Sheldon Whitehouse and Representative

Jamie Raskin, outlined the findings of a nearly three-year

investigation into Big Oil and urged the agency to take action

in a letter to U.S. Attorney General Merrick Garland.

The lawmakers accuse companies Exxon Mobil ( XOM ), Chevron ( CVX )

, BP and Shell, oil and gas trade group

American Petroleum Institute and business group the U.S. Chamber

of Commerce of working together to mislead the public by making

promises to reduce emissions while also seeking to protect oil

and gas production.

"This evidence, combined with the entities' failure to

comply fully with validly issued congressional subpoenas,

suggests that further investigation by the executive branch is

warranted," the letter said.

A Department of Justice spokesperson said the agency had

received the letter but would not comment on it.

Exxon, Chevron ( CVX ), BP, Shell and the Chamber did not

immediately respond to requests for comment.

The American Petroleum Institute called the move a

distraction.

"This is another unfounded political charade to distract

from persistent inflation and America's need for more energy,

including oil and natural gas. U.S. energy workers are focused

on delivering the reliable, affordable oil and natural gas

Americans demand and any suggestion to the contrary is false,"

an API spokesperson said in a statement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Old Republic International's Q4 Adjusted Net Income, Revenue Rise
Old Republic International's Q4 Adjusted Net Income, Revenue Rise
Jan 23, 2025
07:17 AM EST, 01/23/2025 (MT Newswires) -- Old Republic International ( ORI ) reported adjusted net income Thursday of $0.90 per diluted share, up from $0.69 a year earlier. Analysts polled by Capital IQ expected $0.70. Revenue for the quarter ended Dec. 31 was $2 billion, compared with $1.94 billion a year earlier. Analysts surveyed by Capital IQ expected $2.11...
Quimbaya Gold Launches LIDAR Survey at Tahami South Gold Project in Colombia
Quimbaya Gold Launches LIDAR Survey at Tahami South Gold Project in Colombia
Jan 23, 2025
07:21 AM EST, 01/23/2025 (MT Newswires) -- Quimbaya Gold ( QIMGF ) on Thursday said it started a LIDAR survey at its Tahami South Project in Colombia. The survey will produce high-resolution geospatial data for topographic mapping and detailed terrain analysis that will support exploration work. This LIDAR survey marks a significant step forward in advancing the project's potential by...
Aurora Cannabis Up 0.25% In US Premarket As Launches First Domestically Grown Medical Cannabis Brand in Germany Under New Cultivation License
Aurora Cannabis Up 0.25% In US Premarket As Launches First Domestically Grown Medical Cannabis Brand in Germany Under New Cultivation License
Jan 23, 2025
07:18 AM EST, 01/23/2025 (MT Newswires) -- Aurora Cannabis Inc. ( ACB ) , the Canadian-based leading global medical cannabis company, was at last look up 0.25% in US premarket as it launched Thursday the company's first German-cultivated medical cannabis product, under the brand IndiMed. The new brand is manufactured at Aurora's EU-GMP facility in Leuna, Germany. ACB will release...
American Airlines Q4 Adjusted EPS, Revenue Rise; 2025 Earnings Outlook Issued -- Shares Drop Pre-Bell
American Airlines Q4 Adjusted EPS, Revenue Rise; 2025 Earnings Outlook Issued -- Shares Drop Pre-Bell
Jan 23, 2025
07:21 AM EST, 01/23/2025 (MT Newswires) -- American Airlines ( AAL ) reported Q4 adjusted earnings Thursday of $0.86 per diluted share, up from $0.29 a year earlier. Analysts polled by FactSet expected $0.66. Revenue for the quarter ended Dec. 31 was $13.66 billion, up from $13.06 billion a year ago. Analysts surveyed by FactSet expected $13.43 billion. The company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved