Whitehouse Applauds President Biden's Call for Big Oil to Stop Profiteering and Lower Energy Prices

Press Release

Senator Sheldon Whitehouse (D-RI) cheered remarks by President Joe Biden today urging the fossil fuel industry to stop its reckless profiteering and lower energy prices. Whitehouse is the lead Senate sponsor of the Big Oil Windfall Profits Tax, a bill to claw back the largest oil companies' excess profits and return them to American families. Whitehouse issued the following statement on the President's remarks:

"Big Oil is exploiting Putin's invasion of Ukraine and a cartel-driven market to rake in tens of billions of dollars, and the American people are paying the price. As the President made clear today, the fossil fuel industry's price gouging must stop. It's time for Congress to stand up to Big Oil and bring relief to consumers, instead of corporate stock buybacks and bonuses. My Big Oil Windfall Profits Tax would claw back the industry's excessive profits and send that money directly back to hardworking American families."

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