Biden Threatens Windfall Tax on Excessive Oil Profits
President Biden talks about oil profits and gas prices on Monday, October 31.Alex Brandon/AP This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. President Joe Biden on Monday threatened to pursue new legislation that would tax the windfall profits made by fossil fuel companies this year if…
Trump’s Big Social Media Deal Could Soon Collapse. So What Went Wrong?
Former President Donald Trump tosses caps to the crowd as he steps onstage during a rally at the Macomb Community College Sports & Expo Center in Warren, Mich., Saturday, Oct. 1, 2022. Todd McInturf/Detroit News via AP Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Patrick Orlando…
Activists Demand Action Against Oil Giants Accused of Misleading the Public
BP’s Deepwater Horizon rig burns in April 2010 following an explosion that led to the worst oil spill in US history.Associated Press This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Campaigners have urged governments to intervene after oil companies were accused of misleading the public about their commitment to…
Electric Utilities Key Players in Climate Denial, Study Finds
Getty Images This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. America’s electric utilities were aware as early as the 1960s that the burning of fossil fuels was warming the planet, but, two decades later, worked hand in hand with oil and gas companies to “promote doubt around climate…
Biden’s IRA Targets a Corporate Tactic for Amassing Wealth and Avoiding Taxes. Will It Work?
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.The Inflation Reduction Act—the blockbuster tax and climate reform bill passed by the Senate earlier this week—includes several provisions aimed at forcing corporations to pay a fairer share of their taxes. These include a rule…
“It’s Potentially Illegal”: As Crypto Crashed, Coinbase Stopped Some Notifications
Mother Jones illustration; Getty Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.Back in November 2021, cryptocurrencies, which saw a huge surge during most of the pandemic, suddenly began to nosedive. Joe Hovde, a New York-based data scientist, decided that this might be his moment to buy…