Some Big Oil friends in Congress are trying to claim that the oil industry can't afford common sense safeguards to protect our health, our shores, and our economy from future catastrophes like the BP oil disaster.
Well, guess what. Big Oil CAN afford it.
The quarterly profit reports released by the oil industry this week show huge gains for Big Oil companies.
Thanks to Sierra Club supporters like you, we've sent nearly 50,000 messages to the Senate calling for action on the Oil Spill Commission's recommendations to restore the Gulf coast and prevent future disasters. Now we must show the Senate that there is no excuse to let Big Oil off the hook.
Exxon Mobil, the world's largest oil company, reported a 53% increase in quarterly profits.1 Chevron's profits rose 72%.2And even BP, despite the disaster in the Gulf, posted earnings of $4.6 billion, up 33% from the same quarter last year.3
Concerned about dangerous chemicals in your food and water? Studies show that dispersants from the BP spill lingered in the Gulf much longer than official reports showed.4 Tired of paying more at the pump? Risky projects like the Keystone XL pipeline, which would pump tar sands oil, the dirtiest fuel in the world, into the U.S., actually raise the price of gas.5 Enjoy being outdoors? Michigan residents still can't touch the Kalamazoo river because of the Enbridge Energy oil spill.6