Joe Biden

Big Oil is poised to break annual profit records - sparking outrage from activists and campaigns

Big Oil is poised to break annual profit records – sparking outrage from activists and campaigns

US President Joe Biden previously singled out ExxonMobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and gas companies are preparing to report record annual profits, posting extraordinary revenue after a year of volatile fossil fuel prices amid Russia’s attack on Ukraine. Major oil …

Big Oil is poised to break annual profit records – sparking outrage from activists and campaigns Read More »

Manchin pushes to defer tax credits for electric cars

Manchin pushes to defer tax credits for electric cars

Washington (AFP) Escalating criticism from Democratic Sen. Joe Manchin, on Wednesday he moved to delay new tax breaks for electric cars.which is a key feature of President Joe Biden’s climate law. Manchin said the guidelines from the Treasury Department allow manufacturers in Europe and other countries to bypass requirements for producing large portions of electric …

Manchin pushes to defer tax credits for electric cars Read More »

The US Chamber of Commerce is threatening to sue the Federal Trade Commission over its proposed ban on incomplete clauses

The US Chamber of Commerce is threatening to sue the Federal Trade Commission over its proposed ban on incomplete clauses

Signs are seen at the Chamber of Commerce building in the Manhattan borough of New York City, New York, US, April 21, 2021. Andrew Kelly | Reuters A large business advocacy group has vowed to sue the Federal Trade Commission if it acts on a motion to ban incomplete clauses in workers’ contracts — an …

The US Chamber of Commerce is threatening to sue the Federal Trade Commission over its proposed ban on incomplete clauses Read More »