Big Oil’s ‘monster profits’ and climate rollbacks
Front Burner
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The Biggest Social Issues of the Last Year
The oil companies have been able to cash in so much because during the pandemic, they did cut back their operations. And when oil surges to such a level as $120 a barrel, the companies don't even have to do anything to achieve these massive profits. It's like a switch is flicked and suddenly money just comes pouring in. The United Nations Secretary General Antonio Guterres has called out the industry for its bottomless greed. 2023 is a year of reckoning. It must be a game-changing climate action. We need disruption to end the destruction.
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