A new analysis illustrates the ways some of Big Oil's leadership has managed to profit off of war.
of Ukraine has, in two long weeks, brought untold suffering and instability. Yet, where most reasonable observers see an escalating tragedy, Big Oil CEOs see an opportunity.conducted by nonprofits BailoutWatch and Friends of the Earth, which claims at least five oil executives have cashed out nearly $99 million worth of stock since late February.
Specifically, the organizations claim Hess Corporation’s CEO sold 650,000 shares worth a total of $65 million between March 4 and March 8.24 and March 3. Three other executives—Continental Resources President Jack Stark—“The CEOs of these companies have been caught cashing in on war,”aid in a statement. “If we want to protect consumers from pain at the pump, or preserve a livable climate, it is clear the age of fossil fuels must end.
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