When President Joe Biden took office, he quickly fulfilled a campaign promise by placing a temporary pause on offering new public lands oil and gas leases to allow the Interior Department to examine the broken system for drilling on our public lands and offer recommendations for how it could best benefit our communities, climate, and taxpayers. Reflexively, the oil industry attacked this commonsense step, alleging it would kill jobs and hurt local economies. A brief review of oil company earnings reports shows that the industry was not only wrong in their claims, they are seeing a surge in profits.
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Oil industry continues to cry wolf while racking up profits
May 18, 2021
Issue: Ethics & Transparency, Oil & Gas
By Center for Western Priorities
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