ADVERTISEMENT

U.S. Senator Warren lashes out at energy companies over natural gas prices

548
SHARES
2.5k
VIEWS


Nov 23 (Reuters) – U.S. Senator Elizabeth Warren on Tuesday known as on energy companies to clarify “their choices to export document quantities of natural gas whereas imposing huge value will increase” on customers, accusing them of “company greed” whereas Americans battle to pay their payments.

Warren despatched letters to 11 energy companies, together with Exxon Mobil (XOM.N), ConocoPhillips (COP.N) and Occidental Petroleum (OXY.N).

“The reason for quickly rising energy prices for customers and producers is obvious: a few of the nation’s largest and most worthwhile oil and gas companies are placing their huge income, share prices and dividends for buyers, and thousands and thousands of {dollars} in CEO pay and bonuses forward of the wants of American customers and the nation’s restoration from the pandemic,” Warren wrote in letters despatched to the companies and posted on her web site.