Sunday, October 02, 2022

Fossil Fools Profits

 The latest figures from the Bureau for Economic Analysis show that the profits of the U.S. coal and oil industry increased 340% between the first and second quarters of 2022.

 Companies selling petroleum and coal products made an estimated $49.7 billion in profits from April to June, compared with $11.3 billion from January to March.

Meanwhile, executives in the nation's transportation and warehousing sector enjoyed a nearly 40% increase in profits during the same time period, pocketing $124.4 billion in the second quarter after taking home $89.4 billion over the first three months of the year.

Chevron made $11.6 billion in Q2, up from around $6 billion last quarter, and up from 247% a year ago.

'Their Price Strategies Are Bearing Fruit': Oil and Coal Profits Surge 340% (

Are they going to surrender their wealth for a green world?

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