Author: ajohnstone

Blood on their hands?

 



An analysis tracked back to 2014, when Russia annexed Crimea, reveals top energy companies helped build Putin’s war chest to nearly $100 billion. 

Greenpeace USA, Global Witness, and Oil Change International looked at eight companies: BP, Equinor, ExxonMobil, OMV, Shell, TotalEnergies, Trafigura, and Wintershall Dea.

“While the Russian government has benefited from majority state-owned or state-controlled oil companies such as Gazprom and Rosneft,” the document states, “European and U.S.-based corporations have also spearheaded large oil and gas projects that filled Putin’s coffers.”

“BP’s and TotalEnergies’ share of the royalties and taxes paid by the Russian companies, proportional to their equity stakes,” specifically calls out BP, which the researchers say was responsible for over 80% of the $95.4 billion because of its Rosneft stock. “Although BP has announced it will divest its stake in Rosneft,” the report adds, “the past impact of this equity stake cannot be negated—both in terms of the benefit to Rosneft from the capital provided, and the cash flowing as a result to the Russian state.”

“BP and other big energy companies are now trumpeting their withdrawals from Russia but do they expect us to forget the almost $100 billion they’re responsible for putting into Putin’s pockets in recent years?” asked Murray Worthy, at Global Witness. Worthy explained that “whilst BP might deny accountability for the consequences of its stake in Rosneft and the payments made to Putin’s war chest, it has always been more than happy to benefit from the billions that have flowed from its involvement in the company.”

He  added, “The Russian energy industry is Putin’s biggest earner and companies like BP that turned a blind eye to the Crimean invasion, continuing to support money pouring into his war chest, should surely be questioning whether they now have Ukrainian blood on their hands.” 

“Fossil fuels are the currency of despots, dictators, and warmongers,” declared Lorne Stockman, research co-director at Oil Change International. “Our global reliance on oil and gas is not only killing our planet but also making the world a less safe and equal place.”

“Big Western polluters like BP and Shell have been all too happy to work in countries with despicable human rights records for over a century,” Stockman said. “They must avoid looking to other autocratic regimes to replace the resources they have foregone in Russia. Now is the moment to end the fossil fuel era.”

‘Ukrainian Blood on Their Hands’: Analysis Details How Big Oil Funded Putin’s War Chest (commondreams.org)

No War But The Class War

 



The oppressed and exploited are always cannon-fodder to be called upon to take part in another war that threatens to slaughter men, women and children and bring ruin, misery and devastation. Our rulers will have us believe that this or that war is to be fought for a good cause to win our sympathy and pity. It is to mislead and to deceive by calling you to join up and fight for ‘democracy’. It’s the bait to catch us.

The World Socialist Movement deplores war and the ruin in its wake. War is part and parcel of the capitalist system. War is a feast for the dogs of war. It means armament spending and huge weaponry orders, an orgy of currency speculation and the accumulation of unheard-of fortunes. One sector of the economy class that is forever prospering and is the arms industry. It means riches for the war profiteers. But, for sure, war also means squandering the wealth and means actual devastation of countries plus death for many. But these ‘costs of war’ rarely appear in their annual accounts and have never deterred the capitalists from plunging nations into bloody conflict. International conferences to settle disputes end in fiasco. The quest for markets is nothing but the question of re-dividing the globe among the capitalist nations. We live in a pervasive atmosphere of imminent war with frequent ‘war games’ in the air, on the land and at sea with constant modernisation of warfare taking priority over welfare in every countries’ budgets.

Workers must realise that war is against their interests. There is only one war that is just — and that is the war of the oppressed class for its liberation. All other wars are predatory wars for the securing seizure of territories and markets for the profits of the exploiters, but they are fought with the bodies of the workers. We cannot stop war altogether. It is not possible to prevent the coming of war as long as capitalism lasts. However, war can on some occasions be postponed. forcing governments to refrain from immediately carrying out war plans. The fight against the war is a political fight. The working class must be stirred by protest meetings and demonstrations.

The danger of war arises inevitably out of the very nature of capitalism — the ownership of the means of production by a small capitalist class and the complete domination of government by this class. In war the World Socialist Movement does indeed take sides, but it’s the third side. It’s the side of the workers, against the owning class that exploits them and also against the owning class that hopes to exploit them. Our position is not people against people but class against class.

A united front against war is appealing. What possible reason could one have in opposing an organisation composed of liberals, the churches and pacifists who are all determined to oppose war? Surely anyone who thinks that socialists alone can prevent war is being ridiculous, for the necessity of joining with all others who are opposed to war seems so obvious as to be beyond question. Nevertheless, those who understand the principles of socialism know that to depend upon any organisation other than the working class will sooner or later lead to failure. War is as intimately bound up with capitalist society as the exploitation of the working class by the employing class. To think of being able to prevent war, in the long run, without at the same time changing the system which breeds war, is utopian. Pacifists and reformists who in practice accept the present order of society and merely wish to ameliorate the conditions of the working class look to conferences and treaties to prevent war. Socialists look to the ending of capitalist society to prevent wars.

The World Socialist Movement has only one programme to prevent war: the programme of social revolution. That means that our struggle to end war is not something unique and separate from our normal, mundane socialist activities but is an intimate part of those activities. We do not create a permanent organisation to fight war with a special platform for that. The inference of many well-meaning and sincere campaigners is absolutely clear that wars can be stopped without a socialist revolution. No socialist can accept such an idea and we cannot lend our name to something which we know is wrong and which must inevitably confuse. Take, for example, the question of the idea of sanctions often raised by anti-war activists in regard to some conflicts. How could socialists ever consent to accept the idea of a boycott by one set of robbers against another gang of thieves? There’s is a most common mistake in the struggle against war, the belief that it exists ‘independent’ of the class struggle and that a broad alliance of all sorts of individuals from every social class and strata can be formed around the issue of fighting war, since – so their reasoning goes – these persons all equally opposed to war whatever their differences on other points.

War is not the cause of the troubles of society. War is a symptom. The only way to fight against war is to fight against the causes of war. Since the causes of war are part of the nature of capitalism, it follows that the only way to fight against war is to fight against capitalism. It, therefore, follows that the only possible viable struggle against war is the struggle for the socialist revolution. No one can uphold capitalism and fight against war, because capitalism means war. So to suppose, therefore, that the socialist movement can work out a common programme against war with non-revolutionaries is a fatal illusion. Any organisation based upon such a programme is not merely powerless to prevent war; in practice, it acts to promote war, both because it serves in its own way to uphold the system that breeds war, and because it diverts the attention from the real fight against war. There is only one case against war: the case for revolution to supplant the capitalist economy with a socialist society. Socialism will end national boundaries, placing the means of production under the ownership and control of society as a whole. This great aim, the elimination of war forever from the world, can be accomplished only by the overthrow of capitalism. The true enemy is at home: the class enemy and its political representative, the state. This is the enemy to be defeated, in every country.

This true struggle against war requires at every stage the utmost clarity and realism and the working class of every country must understand who their enemy is. They must understand that the enemy is not the people of any other nation against whom their ‘own’ government may wage war, but that the real enemy is the ruling class of ‘their own country’. Noble talk about ‘democracy’ or ‘peace’ or ‘defence’ or ‘collective security’ is cant and hypocrisy. Every conception of patriotism and nationalism must be opposed.

The only war worth fighting is for a world socialist cooperative commonwealth.

Anti-War Activism in Russia

 



Veteran Russian human rights activists plan to publish an open letter calling on Russia to end its war in Ukraine, declaring it “our common duty” to “stop the war and protect the lives, rights and freedoms of all people, both Ukrainians and Russians”. The manifesto announces the creation of a council of human rights defenders in Russia whose goal is to coordinate the actions under the “new conditions” of working in Russia.

The “manifesto”, signed by 11 prominent activists including Lev Ponomaryov, Oleg Orlov and Svetlana Gannushkina, announces the creation of a new anti-war council of Russian human rights defenders and is the broadest collective statement against the war by Russian human rights supporters to date.

The activists say they will seek to help Russians avoid taking part in the war against Ukraine and demand that the ministry of defence releases accurate information about the number of Russian soldiers killed in the war.

“Russian citizens are being involved in military operations on the territory of Ukraine, where they become accomplices in war crimes and die themselves,” a draft statement says. “Our first goal is to help them avoid this, relying on the constitution and Russian legislation, and to assist all those who are illegally forced to participate in hostilities.”

The second goal is to provide legal assistance to the families of Russian military personnel who “find themselves in an information vacuum”.

“There is no official updated information about the dead, about the transfer of bodies to families, about prisoners, about their release or exchange,” the letter says. “It is difficult or impossible for relatives to find out what has become of their sons and husbands, or to get the bodies of the dead.”

“Russia invaded the territory of Ukraine, starting a full-scale war unprecedented in recent history,” the letter says. “This war has neither just grounds nor a just purpose. The international court of justice of the United Nations recognised the grounds of the ‘special military operation’ declared by Russia as illegal and has demanded an immediate end to the aggression and withdrawal of troops. But the fighting, bombing and shelling continue, levelling cities and vital infrastructure to the ground. Millions of residents of Ukraine have become refugees, many thousands have died – both civilians (among them more than 100 children) and military personnel from both sides.”

The signatories are some of Russia’s best-known human rights activists, including Ponomaryov, the founder of the For Human Rights NGO and a former member of the Duma, Orlov and Alexander Cherkasov of the Memorial human rights group, and Gannushkina, the founder of the Civic Assistance Committee NGO. Several signatories to the manifesto “are not listed for security reasons”.

A number of professional communities including doctors, academics and IT workers have published open letters in protest against the war in Ukraine, which began more than a month ago. Many groups have since been forced to hide the list of signatories after pressure from the government or from pro-Kremlin organisations.

In the letter, the activists write that the war in Ukraine was a consequence of a culture of impunity for human rights abuses.

“The war that has broken out in the centre of Europe is a consequence and continuation of Russia’s long-term refusal to protect the rights and freedoms of its citizens and all those under its jurisdiction – once again it recalled the unlearned lesson of the second world war: a state that grossly and massively violates human rights within its borders sooner or later becomes a threat to peace and international security,” the letter says.

“The lack of a proper reaction of the international community to these processes during the post-Soviet decades also contributed to the tragic development of events.”

Russian activists sign open letter calling for end to war in Ukraine | Russia | The Guardian

Australia’s Green Failure

 Prof Andrew Macintosh, who spent years working on Australia’s carbon credit policies as the head of the government’s emissions reduction assurance committee, this week described the system as a fraud that was hurting the environment and had wasted more than $1bn in taxpayer funding. 

He is an Australian National University environment law professor who has been appointed to several senior roles by the Coalition, including as a royal commissioner examining Australia’s natural disaster response after the Black Summer bushfires.

He said all the major methods approved by the government to create carbon credits had “serious integrity issues, either in their design or the way they are being administered”. They included projects for regrowing native forests in cleared areas, projects to protect existing trees so they were not cleared and projects at landfill sites to capture and use methane emissions.

Macintosh said problems with the system included a lack of transparency. He called on the regulator to release data not currently in the public domain that it relied on to say the system was working, and said there should be an independent inquiry into the failures of the system with the power to compel people to give evidence.

Labor promises review of Australia’s carbon credit system after allegations it is ‘largely a sham’ | Climate crisis | The Guardian

Disaffected Russians

 Accompanied by the customary caveats of the possible bias of the information sources the blog noted with pleasure of stories of disobedience and mutiny within the Russian army ranks.

Western officials have repeated reports from earlier this week from a Ukrainian journalist that a colonel of the 37th separate guards motor rifle brigade was run over by a tank. One official said they believed that the brigade commander was “killed by his own troops” as “a consequence of the scale of losses that had been taken by his brigade” in the bitter fighting. The key point was that he was a victim of a mutiny.

No more deluded by reaction

On tyrants only we’ll make war

The soldiers too will take strike action

They’ll break ranks and fight no more

And if those cannibals keep trying

To sacrifice us to their pride

They soon shall hear the bullets flying

We’ll shoot the generals on our own side.

The International

Peace Between Peoples – No Peace Between Classes



 One of the many problems that capitalism has not solved is that of war. We see each day the mobilisation of military forces on some border as perhaps another potential bloody conflict may break out. The companion parties of the World Socialist Movement have a consistent history of opposing all war. In our analysis which has withstood the test of time, war is fought for the interests and advantages of the ruling class, fought to protect or extend capitalist profits. Of course, no ruling class will ever admit going to war for such sordid motives. Every war has to be justified as a ‘righteous’ and ‘just’ war reluctantly resorted to for ‘humanitarian’ reasons or in defence of international ‘justice’, otherwise, no worker would sacrifice their lives or surrender their liberties so willingly.

Many assume Hitler was the sole cause of the Second World War and all the associated horrors as they blame Putin today for the Ukraine war. This is a gross oversimplification. Germany in the 1930s wasn’t suddenly corrupted by Hitler’s charisma. The political tensions and strife were all there, the results of a previous world war and a great depression. Hitler was just able to capitalise on this. But if he hadn’t there’s nothing to say that nobody else would. Elimination of the main figurehead won’t necessarily prevent events that were as much a product of the wider socio-political context. Problems rarely exist in isolation.

These lies about international justice and freedom and the like have been uncovered but not before people were deceived and dragged into the great slaughter, then they opened their eyes and saw the truth. They saw clearly that the war was not about their own interests, or anybody’s rights and freedoms, but that war was a terrifying conflict between predatory groups seeking advantage over the others. It then seemed so simple and understandable and we are taken aback when we are reminded that we found the pretext of wars in what the politicians and the media said. They will claim that the war was waged to defend national sovereignty or to protect their ethnic cousins. Or they will argue that ‘our’ government’s foreign policy was misunderstood while ‘their’ government’s foreign policy was simply wrong because its leader is a war-monger and militarist adventurer. ‘Our’ side had recourse to war only because ‘our’ government was forced into a ‘defensive position due to the other nation’s aggression.

But he or she who truly wants to know the causes of war today, the real causes, will recognise the reasons we mentioned above as well-worn. He or she would be very naive if they believed the guises and lies whose aim is to cover up the real causes of wars. He or she who wants to explain how wars come to be, both the past ones and the ones that threaten us in the future, and what are their causes, is obliged to examine and learn first the capitalists seek to place their excess capital abroad, in order to obtain bigger interest and more profits, to have these countries as markets for their merchandise, To subjugate them politically, to have their governments under their own influence. To pull the strings and play them in their hands like puppets.

Around the world the old ‘democratic’ methods are abandoned by the political parties, the so-called civil and human rights have been reduced to a mere joke on the people, and there is no means of oppression, violence and terror that is not being used on them. The state has become the private playground of every oligarch who can afford to finance a lobby group or think-tank, the social and welfare services have become merchandise in privatised hands and finally, a whole camp of parasites on the public purse follow any party clique in the ups and downs of political power. Bankers, big industrialists and merchants now hold in their hands huge concentrated economic forces (stock-market capital, land, factories, real estate), that is, it holds in its hands almost completely the lives of the people. The causes for new wars develop daily and the important resources of the country are wasted in preparing for war.

The causes for the war are to be found in the very process of capitalist production, distribution and exchange where corporations seek to establish control over markets, sources of raw materials and areas for exploitation. In their inextinguishable thirst for new profits, cliques of big business seek other countries, outside of their own trading bloc, to exploit. This search for expanding areas of markets comes up against rival groupings. What the capitalist elite of one nation desires is the same thing the sharks of the other countries crave too. And in the name of nationalism the ‘fatherlands,’ and the ‘motherlands’ launch their armies against each other. And the price of these conflicts is paid by the people with their own innocent blood.

This process, unavoidable so long as capital rules, creates ceaseless conflict. Hark back to the dissolution of the Soviet Empire and the so-called ‘peace-dividend’ which was promised. Instead, each year has seen war around the globe and more nations devoting vast resources to their military machines.

The struggle does not begin when a government – serving one group of businesses – declares war on another nation. It goes on all the time, taking many forms; some open, some concealed. Diplomatic negotiation and treaties, agreements and alliances between countries, subsidised economic warfare, small proxy wars waged ostensibly between small powers or rebel forces, actually on behalf of great ones, all these are manifestations of the same conflict. The formal declaration of war – rarely practised nowadays, more and more dispensed with – is merely the continuation of this same struggle in a sharper, more open form. The temporary cessation of one conflict gives rise to the escalation of other conflicts.

There is an oligarchy that holds in its hands the most important means of national wealth and whose interests oppose and counter those of the great majority of the people. Many want to deny this, either out of self-interest or narrow-mindedness. They say that there is no such class. And they don’t want to see these parasites, bankers and financiers, big merchants and industrialists, all those idle rich who accumulate capital from the sweat of all the working people. But, of course, the plutocratic oligarchy is always there exploiting the labour of the people, often happening without us realising. A thousand lies and prejudices and customs hide it. A general uncertainty for tomorrow in all aspects of the life of every country arising from the political conflicts of the capitalist gang of every country trying with every means of violence, terror, mass murder and oppression to keep its hegemony, to squeeze out new profits of the people’s misery new profits constantly while all the time preparing for new bloodthirsty episode tomorrow. Everywhere there are volcanoes of conflicts, lying dormant, ready to erupt and bury under its lava unsuspecting citizens.

There are many instances of autocracy and tyranny against us. The 1% tells us that ‘the will of the peoples is sovereign’ yet decide on their own, using their fortunes to buy elections. They send their own representatives to the parliament and they take decisions with their vested interests in mind. And the people frequently make it easy for them, being willing instruments of every charlatan demagogue, prostrating themselves at the feet of various rich local party leaders who can manipulate the passions of the people very skilfully with all their rabble-rousing speeches. We need not mention the outright terror and violence of state pressure, nor the brazen ballot-rigging which have become the main means of electoral domination lately. And so the ‘will of the people’ ends up to be the most disgraceful comedy against them, the ultimate hypocrisy and lie, that conceals from the eyes of the deceived the political dictatorship of the privileged upon the people.

The workers cannot conquer political power by struggling against foreign capitalists but only by struggling against those in their home country who control the existing social structure. It is impossible to support war and the governments waging them and to hope to create revolutionary opinions which will radically change that social system.

Those who replace the red flag of world socialism with the jingoist flag-waving of nations must be denounced. Yet, the tragic fact remains that men and women seem, at present, more willing to work and die for capitalism than to work and to live for Revolution! Only the class war for the overthrow of capitalism can end wars by ending the cause of war – capitalism.

The fight against war is inseparable from the fight for socialism. And this is very important to know, for us who want to fight for our lives and our peace, against the war. We must strike evil at its root, not its branches. Only through our own organisation and our own struggle will working people gain possession of their own lives and the means to free and save themselves from being sacrificed and slaughtered. As there are differing kinds of tyranny and exploitation, our organisations must also be varied with various ways of struggle. But it is obvious that all these organisations must share a common goal: the abolition of the plutocratic oligarchy and the liberation of the people. The only way to fight militarism is to fight capitalism. The capitalist nationalist system breeds wars, and we shall have to build a cooperative society, where things are no longer produced for profit, but for use, in order to be secure in peace. This struggle is known as the class war, and this is the only war in which workers should engage.

The Cost of War 1

 Following 20 long years of brutal war on Afghanistan by the US-led military coalition, which ended up in delivering the country to the Taliban in August 2021, 23 million Afghans now face severe and acute hunger, economic bankruptcy, healthcare system collapse, unbearable family indebtedness, and devastating humanitarian crisis.

People in Afghanistan are today facing a food insecurity and malnutrition crisis of “unparalleled proportions,” Ramiz Alakbarov, Deputy Specia. l Representative for the Secretary General, reported. “The rapid increase in those experiencing acute hunger – from 14 million in July 2021 to 23 million in March 2022 – has forced households to resort to desperate measures such as skipping meals or taking on unprecedented debt to ensure there is some food on the table at the end of the day.”

In Afghanistan, a staggering 95 per cent of the population is not eating enough food, with that percentage rising to almost 100 per cent for female-headed households. An Integrated Food Security Phase Classification (IPC) report co-led by the Food and Agriculture Organization (FAO) and World Food Programme (WFP), revealed by the end of last October that the lives, livelihoods and access to food for 22.8 million people will be severely impacted.

Hospital wards are filled with children suffering from malnutrition: smaller than they should be, many weighing at one year what an infant of six months would weigh in a developed country, and some so weak they are unable to move. Acute malnutrition rates in 28 out of 34 provinces are high with more than 3.5 million children in need of nutrition treatment support.

“Afghanistan’s health system is on the brink of collapse. Unless urgent action is taken, the country faces an imminent humanitarian catastrophe, warned the UN top humanitarian official, Martin Griffiths.

A banking and financial crisis so severe that it has left more than 80 percent of the population facing debt, and an increase in food and fuel prices, we cannot ignore the reality facing communities.

Hunger is rising and children are dying”, said the WFP Executive Director David Beasley. “We can’t feed people on promises…“This winter, millions of Afghans will be forced to choose between migration and starvation unless we can step up our life-saving assistance and unless the economy can be resuscitated”.

This has been the horrifying cost of another brutal war on unarmed human beings. We can fully accept Ukrainian war will eventually result in a similar tragedy.

The Cost of War: 23 Million Afghans Suffer Acute Hunger, 95% Don’t Eat Enough Food | Inter Press Service (ipsnews.net)

The Cost of War 2

 



Yemen enters its eighth year of war and international humanitarian groups expressed concern about the state of crisis gripping Yemenis—reporting that civilian deaths are on the rise, millions are facing severe hunger and malnutrition, and three-quarters of the population is in urgent need of humanitarian support. Many have highlighted the lack of international outcry over the Yemen crisis compared to the current war and refugee crisis in Ukraine.

According to the International Rescue Commitee, over 19,000 civilians have been killed or injured from airstrikes alone since the beginning of the conflict in 2015. January of this year saw the most casualties in one month since the war began—with 139 civilian fatalities and 187 civilians injured. Over 300,000 have died as a result of the more than seven years of fighting, and over four million people have been forced to flee from violence over the same time period.

Oxfam International warned that another year of war would bring “unimaginable suffering to civilians,” and “almost two-thirds of Yemenis will go hungry this year unless the warring parties lay down their arms.”

“Yemenis are desperate for peace—instead they are facing yet more death and destruction. Violence and hunger are on the increase once more and millions of people cannot get the basics their families need,” said Ferran Puig, Oxfam’s country director in Yemen. “Yemen desperately needs a lasting peace so people can rebuild their lives and livelihoods,” said Puig. “Without peace the cycle of misery will continue and deepen. Until then, adequate funding for humanitarian aid is critical.”

The Yemen humanitarian response plan is currently 70% underfunded and has left 17 million people facing acute food insecurity, with predictions the number will rise to 19 million by the end of 2022.

In addition to food, water, and healthcare shortages, Yemen’s infrastructure has also been ravaged by the war. 

“Violence has also severely damaged civilian infrastructure. Despite protection under international humanitarian law, over 25,000 schools have been damaged or destroyed and the number of out of school children has more than doubled since the start of the war—from 900,000 to over 2 million,” said the International Rescue Commitee (IRC) in a statement. “The economic crisis means two-thirds of teachers have not been paid in over four years and 10,000 children have been killed or injured since the start of the war. Only 50% of hospitals in Yemen are fully functional, with ever increasing health issues prevalent in the general population.”

Yemen Faces ‘Unimaginable Suffering’ as US-Backed Saudi War Enters Eighth Year (commondreams.org)

The War Profiteers

 



A new analysis out Wednesday found the value of shares held by the CEOs of just eight fossil fuel corporations has surged by nearly $100 million since the start of the year—further evidence, experts say, that oil and fracking executives are capitalizing on Russia’s invasion of Ukraine to consolidate their wealth.

The executives of fracking and liquefied natural gas (LNG) companies Cheniere, EQT, and EOG Resources; pipeline giants Kinder Morgan and Enbridge; and industry powerhouses Chevron, ConocoPhillips, and ExxonMobil see Russia’s deadly assault, which began on February 24, as a “goldmine” and “are in a mad dash to profit” from it, according to researchers at Food & Water Watch.

“While carnage happens in Ukraine, these predators are taking advantage of global price increases that have sent company stocks soaring,” they wrote, adding:

 “The value of Cheniere CEO Jack Fusco’s company stock is up $25 million from January to March 10. ExxonMobil CEO Darren Woods’ stock holdings have increased by $25 million over the same period. The value of Kinder Morgan CEO Steven Kean’s stock has jumped nearly $15 million. Some of these corporate leaders have sold shares to cash in on the crisis. ConocoPhillips’ Ryan Lance sold shares for $23 million in mid-February, while Chevron’s Michael Wirth sold $14 million in stock by late February.”

“This data shows that a small handful of fossil fuel CEOs are making enormous and unconscionable profits from this invasion and the ensuing humanitarian crisis,” Food & Water Watch research director Amanda Starbuck said in a statement.

Many fossil fuel firms, including those examined by Food & Water Watch, have rewarded investors with share buybacks and dividend bumps in recent months.

According to researchers, the eight companies under scrutiny “announced stock buybacks and repurchase authorizations in the last year totaling over $25 billion. It’s also enough to heat the homes of over 33 million people for the winter 

Fossil Fuel CEOs Making ‘Unconscionable Profits’ Amid Ukraine Crisis: Analysis (commondreams.org)