The West’s top oil and gas corporations posted eye-popping profits recently, with a combined total of around $200 billion for the leading five oil giants.
War profiteering and taking advantage of consumers as inflation rose? Not according to the oil-soaked CEOs.
Record-breaking profits merely show that they are doing everything right as they lead the world to a green energy future. Never mind that their actual investments in renewable energy pale in comparison to what they put into fossil fuels.
Don’t be fooled, they’re war profiteers who saw their chance to make up for profits lost during the Covid pandemic—as their balance sheets and corporate planning show, they have no intention of undermining their core business by switching to renewables.
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Perry Dorrell blogs as PDiddie at Brains and Eggs,
usually on topics concerning the strange brew of Texas politics.
He's also on Twitter @PDiddie.