Sunday, September 25, 2022

More About Big Oil's Profits: This From The Guardian

 Yesterday I posted my musings about a number pushing the upper limits of decency.

The number was the aggregate profit of the oil industry over the last fifty years.

Here is a link if you haven't read it and want to read it: Noel McKeehan: Adventures and Opinions: Big Oil's Profits Over The Last Fifty Years (noellivefromparis.blogspot.com)

After posting that item I continued to poke around the net.

Interesting.

Here's what I found The Guardian saying on the subject:

"The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed.

The vast total captured by petrostates and fossil fuel companies since 1970 is $52tn, providing the power to “buy every politician, every system” and delay action on the climate crisis, says Prof Aviel Verbruggen, the author of the analysis". 

So, while not paying taxes they have purchased the world's leaders.

And have a lot left over.

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