Gabby Brown, gabby.brown@sierraclub.org
Today, Exxon, Chevron, and Shell reported a record combined quarterly profit of $46 billion, as families continue to face sky-high energy costs and inflation primarily driven by the cost of fossil fuels.
Oil and gas prices have hit record highs this year, as fossil fuel executives have used their profits to enrich shareholders and investors rather than easing the pain for consumers.
In response, Sierra Club Senior Director of Energy Campaigns Kelly Sheehan released the following statement:
“It’s shameful that Big Oil executives are taking advantage of war and geopolitical turmoil to jack up prices and rake in record profits while American families pay the price. As long as we depend on risky, volatile fossil fuels for our energy needs, we’ll always be vulnerable to price spikes and the whims of greedy fossil fuel executives. We must act urgently to transition to a more stable clean energy economy, and to hold Big Oil accountable for their price-gouging by taxing their massive windfall profits and cutting off the billions in government handouts they receive every year.”
About the Sierra Club
The Sierra Club is America’s largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.