House Democrats Investigate Big Oil for Price Fixing, Collusion with OPEC, and Suppressing Climate Science

May 22, 2024, 04:48 PM

House Democrats have launched an investigation into whether major oil companies colluded with OPEC to inflate gas prices and engage in price fixing. This probe comes amid rising concerns over gas prices, which have become a significant political issue ahead of upcoming elections. The investigation also follows a recent announcement that the U.S. gas reserve would be sold off as required by law. Additionally, top Congressional Democrats are urging the Justice Department to investigate the fossil fuel industry's role in suppressing climate science. They argue that Big Oil has spent decades sowing doubt about the climate crisis, endangering millions of lives. Democrats also held a briefing on allegations that oil companies suppressed climate science.