First Thing: Soaring oil profits from US-Iran conflict drive calls for windfall tax
Environmentalists and activists furious as Trump’s policies raise costs for US families. Plus, the undiscovered masterpiece that was left lying in museum storage Good morning
Environmentalists and activists furious as Trump’s policies raise costs for US families. Plus, the undiscovered masterpiece that was left lying in museum storage Good morning. Donald Trump’s statement that oil companies have made “too much money” from the Iran war has angered environmentalists, who say his policies were designed to benefit those very corporations. American families have paid more than $78bn more at the pump since the start of the Iran war, according to a Brown University tracker.
And a recent analysis from the environmental advocacy group Climate Power and the Center for American Progress Action Fund, a liberal thinktank, found that Trump’s policies had cost the average American family $285 more when filling up their cars. What policies has Trump enacted to help the oil industry? Since re-entering the White House last year, he has eased dozens of restrictions and regulations on fossil fuel expansion, exempted fossil fuel producers from environmental rules, and signed an executive order last year directing the attorney general to prioritize blocking climate lawsuits targeting oil majors.
Trump has also personally invested in major oil companies. What did the supreme court previously rule? In the court’s June decision, the chief justice, John Roberts, said Trump’s first order violated the 14th amendment of the US constitution. “Citizenship, then and now, was the right to have rights – to freely participate in our political community,” he wrote. “The framers of the 14th amendment extended that promise to ‘every free-born person in this land’.
We keep that promise today.” Continue reading...
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