Hot Profits and Global Warming: How Oil Companies Hurt Consumers and the Environment
Oil Companies Manipulate Markets and Gouge Consumers, Harming Both Economy and Environment
Report Details Solutions to Regulate Oil Industry Profits and Finance Clean, Sustainable Energy
Americans are paying more for gasoline than they would if they had access to competitive markets, and oil companies are using the windfall profits to buy back their stocks rather than make investments in sustainable energy, according to a report released today by Public Citizen. The industry is taking advantage of its huge market control and lax energy trading oversight to gouge Americans, squandering the opportunity to invest in cleaner, sustainable sources and curb the nation’s dangerous addiction to oil.
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