Sen. Bernie Sanders, I-Vermont, and Ed Markey, D-Massachusetts, are introducing legislation in the Senate to impose a 95% windfall tax on the excess profits of large corporations that are overcharging ...

The New York Times said in an editorial for Wednesday, Nov. 9: Some members of Congress appeared to be shocked to learn that oil companies would have record-setting profits this year, some $100 ...

A central issue at the UN Climate Change Conference, set to start on November 11, will be the negotiations on new payments from industrialized nations to poorer countries. However, the question of ...

It's called the free market. May 28, 2008 — -- Hillary Clinton and Barack Obama want to raise the price of oil, as well as most everything else, and lower the value of the pension and mutual ...

“I’ll make oil companies like Exxon pay a tax on their windfall profits, and we’ll use the money to help families pay for their skyrocketing energy costs and other bills,” Obama said a few months ago ...

In a press conference on March 11, 2011, President Barack Obama talked in length about his energy policy. He talked about boosting domestic oil production, energy conservation and investing in clean ...

Back in the summer of 2008, gas prices were at record highs. The national average for a gallon of unleaded hit a record of $4.11 on July 17. Barack Obama, then a candidate, argued for a windfall ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. The biggest oil companies and the top financial institutions generated ...

President Bush on Friday ruled out raising taxes on windfall profits by oil companies, saying it would be better for the firms to reinvest their profits in pipelines and refineries. “The temptation in ...

UK North Sea oil and gas endured its toughest year in decades in 2025, with investment pulled back sharply and offshore ...

(Bloomberg) -- Nigerian President Bola Tinubu plans to slap a one-time 50% tax on windfall profits booked by banks on massive currency gains after the naira was devalued last year. The move, detailed ...

After 43 days of hearings in seven cities, the Senate’s Banking and Currency Committee last week issued its report on the “windfall” scandals within the Federal Housing Administration (TIME, July 12).