Amid soaring gas prices, Democrats target oil CEOs for alleged climate lies

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Households that heat natural gas are expected to spend 30% more than last winter

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Gasoline prices at the pump are at their highest level since 2014, while the price of heating homes is projected to rise by double digits this winter. But House Democrats are focusing on what oil officials said decades ago about global warming.

On Thursday, the CEOs of ExxonMobil, BP, Chevron and Shell will be on Capitol Hill to face the grilling about whether they have deceived the public on climate threats, as the House Oversight and Reform Subcommittee on the Environment called “Fueling the Climate”. “Headed by the title. Crisis: Exposing the big oil propaganda campaign to stop climate action.”

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A committee press release calls it an “industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming.”

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“The fossil fuel industry has had scientific evidence about the dangers of climate change since at least 1977,” the oversight committee press release says. “Yet for decades, the industry has fueled denial and doubt about the harms of its products—undermining science and climate change. But also in the form of preventing meaningful action. The global climate crisis became increasingly acute, and its deadly impact on Americans increased.”

Representative Carolyn Maloney, D.N.Y., chair of the Oversight Committee, and Rep. Ro Khanna, D-Calif., chair of the Environment Subcommittee, will lead the hearing with testimony from ExxonMobil CEO Darren Woods; BP America CEO David Lawler; Chevron CEO Michael K. Wirth; Gretchen Watkins, president of Shell Oil; Mike Somers, president of the American Petroleum Institute; and U.S. Chamber of Commerce President Suzanne Clark.

“The big issue I have with oil companies is that they are lying about climate science. It has nothing to do with the price at the pump. They have to be honest and tell the truth.” Food told yahoo finance on Tuesday. “Price at the pump is an issue. It’s an issue in my district. Now, with new oil developments happening, which will actually take years to happen, prices aren’t going to come down immediately. … Long term, what’s going to bring The price of gas is lower, there is less demand, which means more renewable energy, more electric vehicles.”

But, at a time when the Biden administration is seeking aid from the Organization of the Petroleum Exporting Countries, Democrats want to divert attention from the high energy costs of their construction with political theater, said Tom Pyle, president of the Institute for Energy Research.

“When the number one oil producer in the world is pulling federal leases, closing pipelines and going to OPEC, that sends a message to the market,” Pyle told Granthshala Business. “The Democrats’ answer is to haul the CEO of oil in front of Congress, call him ‘big oil,’ and move his fingers.”

The hearing is also taking place ahead of President Biden’s visit to Scotland to attend the United Nations Climate Change Conference.

anchor the protection The last Change Change %
XOM Exxon Mobil Corp. 64.13 -1.71 -2.60%
CVX Chevron Corp. 112.04 -2.06 -1.81%
bp BP PLC 29.25 -0.39 -1.32%
RDS.A Royal Dutch Shell Plc 49.97 +1.11 +2.27%

In mid-October, the average price of gasoline was $3.41 per gallon, a 52% increase from $2.24 at this time last year — and the highest price since September 2014, when gasoline was $3.42, according to Energy Information Agency.

The EIA, a federal agency with independent data and statistics, also projects that Americans will pay far more to heat their homes this winter.

American households that heat with natural gas will spend an average of 30% more last winter, and EIA projects 50% more if the winter is colder than average. Families with electricity would spend 6% more than the summer average and 15% more if the winter was colder than the average.

Homes heated by propane will on average increase by 54% in winter and by up to 94% in cold ones. According to the EIA, homes with hot oil will spend an average of 43% more, and 59% more cold than the average winter.

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This demonstrates the failure of green energy, which Congressional Democrats doubled down on a $3.5 trillion spending bill, said Steve Milloy, senior policy fellow at the Energy and Environment Legal Institute.

“Democrats have an agenda to turn the oil CEO from 25 years ago into a tobacco CEO ahead of the climate conference next week,” Milloy told Granthshala Business.

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Milloy said the oil CEO “has gone with climate alarmism” in recent years, but added that there is no evidence he lied before.

“Emissions and the greenhouse effect have been talked about since the late 19th century,” Milloy said. “The Johnson administration released a report on greenhouse gases in 1965, and Paul Ehrlich wrote the ‘population bomb’ in 1967. Because oil producers had documents showing that they had been talking about it for a long time, its It doesn’t mean they were hiding anything. It wasn’t a secret that only they knew.”


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