Statement on April Consumer Price Index Report and Big Oil Profiteering
Washington, D.C. – Today, Noreen Nielsen, senior advisor of Climate Power, issued the following statement in response to April’s Consumer Price Index report:
“Consumers continue to bear the brunt of rising prices at the pump while oil and gas CEOs celebrate tens of billions of dollars in record profits. Instead of doing literally anything to help families struggling to make ends meet, these CEOs are spending their ill-gotten gains from war profiteering on stock buybacks and dividends to further enrich themselves and other Wall Street investors.
“It’s time to end our dependence on volatile, costly, and dangerous fossil fuels. The only way to achieve real energy independence, lower costs for consumers, and save the climate is to invest in building our clean energy economy.”