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Two Voices on Climate That Will Surprise You

Climate One

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Oil and Gas Companies Are Raking in Record Profits

Oil and gas companies are raking in record profits. President Biden's 2024 budget proposes an elimination of special tax treatment for oil and gas company investments. The White House noted oil and gas companies cut their investment as a share of operating cash flows to the lowest levels in a decade while undertaking record stock buybacks that benefited executives and shareholders.

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