Amid soaring gas prices, Democrats target oil CEOs for alleged climate lies
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Gasoline prices at the pump are at the highest level since 2014, while the price for heating homes is projected to increase by double digits this winter. But House Democrats are focusing on what oil executives said decades ago about global warming.
On Thursday, CEOs of ExxonMobil, BP, Chevron and Shell will be on Capitol Hill to face a grilling about whether they deceived the public on climate perils, as the House Oversight and Reform Subcommittee on the Environment holds a hearing titled, "Fueling the Climate Crisis: Exposing Big Oil’s Disinformation Campaign to Prevent Climate Action."
A committee press release calls this an "industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming."
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"The fossil fuel industry has had scientific evidence about the dangers of climate change since at least 1977," the oversight committee press release says. "Yet for decades, the industry spread denial and doubt about the harm of its products – undermining the science and preventing meaningful action on climate change even as the global climate crisis became increasingly dire, and its deadly impact on Americans increased."
Oversight Committee Chairwoman Rep. Carolyn Maloney, D-N.Y., and Environment subcommittee Chairman Rep. Ro Khanna, D-Calif., will lead the hearing with testimony from ExxonMobil CEO Darren Woods; BP America CEO David Lawler; Chevron CEO Michael K. Wirth; Shell Oil President Gretchen Watkins; American Petroleum Institute President Mike Sommers; and U.S. Chamber of Commerce President Suzanne Clark.
"The big issue I have with the oil companies is that they are lying about the climate science. It has nothing to do with the price at the pump. They should be honest and tell the truth." Khanna told Yahoo Finance on Tuesday. "The price at the pump is an issue. It’s an issue in my district. Now, having new oil development, which would take years to actually happen, isn’t going to bring down prices immediately. … Long term, what’s going to bring the price of gas down is to have less demand, meaning have more renewable energy, more electric vehicles."