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Stock Price Impact on Major Oil Companies Post-DOJ Investigation Announcement
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Democrats Urge DOJ to Investigate Big Oil and Trade Groups for Climate Deception
May 22, 2024, 07:55 PM
Top Congressional Democrats are urging the U.S. Department of Justice to investigate major oil companies and their trade groups for allegedly deceiving the public about the impact of fossil fuels on climate change. This call to action follows a comprehensive investigation by House and Senate Democrats, which revealed that Big Oil has been spreading climate disinformation since at least the 1960s. Key figures, including U.S. Sen. Sheldon Whitehouse and U.S. Rep. Jamie Raskin, are leading the push for accountability, emphasizing the need to address what they describe as a 'shocking and lawless betrayal' of the public. The investigation aims to determine whether these actions by the oil industry violated any laws. The call to action is also directed at President Joe Biden's administration.
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