Schumer and Senate Democrats Urge DOJ to Investigate Oil Industry Collusion with OPEC and Price-Fixing

May 30, 2024, 01:30 PM

Senate Democrats, led by Majority Leader Chuck Schumer, are urging the U.S. Department of Justice to investigate major oil companies and their trade groups for alleged collusion and price-fixing. This call for action follows a congressional probe that concluded the industry had spent decades deceiving the public about climate change. Schumer, along with 22 other Democratic Senators, emphasized the need for the DOJ to scrutinize claims that oil executives colluded with OPEC. The push for an investigation aims to address long-standing concerns about the oil industry's practices and their impact on prices and climate misinformation. The request also includes investigating an FTC claim regarding collusion.