Oil companies make obscene profits while the Planet burns
Saudi oil giant Aramco posts record $161 billion profit for 2022
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- Saudi Arabia’s state-controlled oil giant Aramco posted a record net income of $161.1 billion for 2022, up by 46.5 percent over the year.
- “This is probably the highest net income ever recorded in the corporate world,” Aramco CEO Amin Nasser said on a Sunday earnings call.
As the extreme wet events following extreme droughts scar the land permanently and interrupt agricultural calendars around the world, let’s not forget who is responsible for this, the fucking oil companies!
NZ students ask for oil company execs to be declared criminals
Kiwi law students are fighting for BP senior executives to be investigated and tried in the International Criminal Court.
It’s one of the first cases targeting the people leading a fossil fuel organisation, rather than the company itself.
Senior leaders of the fossil fuel industry know their products cause global damage, injury and death, yet create “doubt, dependency [and] delay”, the British and Kiwi students argue.
For the suit to be successful, the global prosecutors’ office would need to open an investigation into the oil executives’ conduct.
This follows the leadership of Mike Smith taking the exact same action at the International Criminal Court…
Iwi leader Mike Smith takes OMV oil boss to International Criminal Court
Māori leader Mike Smith has shot the first arrow in a global war between indigenous communities and oil companies.
Smith has started legal proceedings in the International Criminal Court (ICC) against Rainer Seele, the CEO of Austrian oil giant OMV.
He said oil company executives deserved to stand trial for genocide and other climate crimes impacting on indigenous communities now and in the future.
Once again it is Indigenous peoples and young people who are leading the war on climate change.
Just 100 companies are responsible for 71% of global emissions that are causing the climate crisis, and big oil KNEW in the 1990s that they were creating catastrophic climate change.
The comparisons between how Big Tobacco lied and manipulated the science linking smoking to cancer is as audacious as Big Oil has lied and manipulated the science linking CO2 to global warming.
We should be collectively suing Big Oil now and using the payouts to fund the urgent Green transition away from fossil fuels.
It is outrageous that our Government has not led this fight and instead capitulate to the polluters rather than challenge them. Indigenous people have been at the forefront of the climate crisis battle and have been the frontline between corporate polluting greed and sustainable habitats.
You can see why the State illegally spied on Māori Iwi fighting big oil in this country.
Change is coming whether we like it or not.
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The question surely should be why are they able to make such a large profit and the answer is they provide a product most want in one form or other .Petrol and diesel for cars trucks and plane to take us somewhere we want to go as quickly as possible. A flight to see family in Melbourne is now up to $2400 return . It was $450 return but the plane was still full. Not sure how much of this is due to fuel but it would be a large percentage.
Oil is used in a multitude of other things we want but not necessarily need so the market is constantly growing.
Human nature is the true reason for climate change not just the oil companies. The solution will have to come from technology that replaces oil for a cleaner produce because just charging more will not stop us wanting things it gives us.
We have or own oil and we should be using it and saving the country overseas dollars
Kiwi,kiwi,,what dare us do dare.