Biden Tells Oil Companies to ‘Stop War Profiteering’ and Threatens New Corporate Taxes Amid Record Petroleum Profits

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  • November 1, 2022

President Joe Biden is apparently sick of watching oil companies rake in record profits while consumers pay big bucks at the pump. He threatened new windfall profit taxes against fossil fuel giants, and cautioned corporations to cease cashing in the war in Ukraine, in a Monday speech.

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Biden Tells Oil Companies to ‘Stop War Profiteering’ and Threatens New Corporate Taxes Amid Record Petroleum Profits