February, 07 2023, 09:44am EDT
BP Extracts $29 Billion in Profits Out of American Consumers, Executives Vow to Give $2.75 Billion to Wealthy Shareholders
Today, one of the largest oil companies in the world BP posted their profits from the final quarter of 2022, taking in a jaw-dropping $5.1 billion, bringing their total annual profits to $29 billion. This marks a 110% increase in profit compared to 2021. While Big Oil profited massively in 2022, American consumers were overburdened with historically high gas prices at the pump.
As one of the countries’ largest oil companies enjoyed notably high-profit margins last year, their fourth-quarter earnings call revealed that they had spent over $14 billion in 2022 on stock buybacks and dividends, further enriching their wealthy shareholders.
"In 2022, Big Oil barons like BP waged an all-out war on American consumers, ruthlessly squeezing every last dime out of working and middle-class people," said Jordan Schreiber, Director of Energy and Environment at Accountable.US. “Make no mistake, Big Oil’s never-ending greed was the central force driving the industry's obscene price gouging, forcing families to pay artificially high prices for months on end. Meanwhile in Congress, instead of holding the wealthy oil executives accountable, the new MAGA majority wants to enable Big Oil further as their constituents pay the price.”
Accountable.US is a nonpartisan watchdog that exposes corruption in public life and holds government officials and corporate special interests accountable by bringing their influence and misconduct to light. In doing so, we make way for policies that advance the interests of all Americans, not just the rich and powerful.
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Israel Bombs Refugee Camps After Inking $5.2 Billion Deal for US F-15 Fighter Jets
"Despite overwhelming evidence that the Democratic Party's most devoted constituents wanted to end sales of weapons to Israel, the Biden administration kept sending them."
Nov 07, 2024
The Israeli military on Thursday bombarded refugee camps in northern and central Gaza hours after inking a $5.2 billion deal with the United States to acquire more than two dozen F-15 fighter jets made by the American aerospace giant Boeing.
The agreement, part of a broader military aid package approved by the Biden administration and the U.S. Congress earlier this year, was finalized hours after Vice President Kamala Harris lost the 2024 election to Republican nominee Donald Trump following a campaign in which she resisted calls to support an arms embargo against Israel.
Though Trump at times tried to posture as a pro-peace candidate during the race, he publicly and privately signaled support for Israel's war on Gaza and Lebanon, telling far-right Israeli Prime Minister Benjamin Netanyahu during a recent call, "Do what you have to do."
Israel's Ministry of Defense called the F-15 deal "a landmark transaction" for fighter jets "equipped with cutting-edge weapons systems." The ministry said deliveries of the aircraft will begin in 2031.
"While focusing on immediate needs for advanced weaponry and ammunition at unprecedented levels, we're simultaneously investing in long-term strategic capabilities," the ministry said. "This F-15 squadron, alongside the third F-35 squadron procured earlier this year, represents a historic enhancement of our air power and strategic reach—capabilities that proved crucial during the current war."
Shortly following the announcement, Israeli forces killed at least 22 people in attacks on the Jabalia refugee camp and Beit Lahiya in northern Gaza—where Israel is engaged in an active campaign of ethnic cleansing—and on the Nuseirat refugee camp in the center of the Palestinian territory.
Norwegian Refugee Council secretary-general Jan Egeland, who traveled to areas of northern and central Gaza this week, said in a statement Thursday that the "complete destruction" he witnessed there was "worse than anything I could imagine as a long-time aid worker."
"What I saw and heard in the north of Gaza was a population pushed beyond breaking point," said Egeland. "Families torn apart, men and boys detained and separated from their loved ones, and families unable to even bury their dead. Some have gone days without food, drinking water is nowhere to be found. It is scene after scene of absolute despair."
"This is in no way a lawful response, a targeted operation of 'self-defense' to dismantle armed groups, or warfare consistent with humanitarian law," he added. "What Israel is doing here, with Western-supplied arms, is rendering a densely populated area uninhabitable for almost two million civilians."
As early as October 2023, NRC warned Israel, UK, US, Germany, & others, that Israeli "relocation orders" for civilian communities were forcible transfers, which under international law constitute an atrocity crime.
Since then there have been more than 60 "relocation orders"
1/2 pic.twitter.com/bsDvWKOqhY
— Jan Egeland (@NRC_Egeland) November 7, 2024
People here have been herded from unsafe location to unsafe location across the Gaza Strip.
They have lost everything, some having been forced to move more than 10 times.
Families I have spoken to here are enduring suffering almost unparalleled anywhere in recent history.
— Jan Egeland (@NRC_Egeland) November 7, 2024
Israel's latest deadly attacks on Gaza came after the conclusion of a U.S. election in which Gaza featured prominently, with Palestinian rights advocates warning that continued American support for Israel's assault would be politically damaging for Democrats—on top of being morally reprehensible and unlawful, given Israel's obstruction of humanitarian aid and repeated targeting of civilians.
New York Times writer Peter Beinart argued in a column Thursday that the election's outcome appeared to show that such concerns were justified.
"Despite overwhelming evidence that the Democratic Party's most devoted constituents wanted to end sales of weapons to Israel, the Biden administration kept sending them, even after Prime Minister Benjamin Netanyahu of Israel expanded the war into Lebanon," Beinart wrote. "And not only did Ms. Harris not break with Mr. Biden's policy, she went out of her way to make voters who care about Palestinian rights feel unwelcome."
"There is only one path forward," Beinart continued. "Although it will require a fierce intraparty brawl, Democrats—who claim to respect human equality and international law—must begin to align their policies on Israel and Palestine with these broader principles. In this new era, in which supporting Palestinian freedom has become central to what it means to be progressive, the Palestinian exception is not just immoral. It's politically disastrous."
Layla Elabed and Abbas Alawieh, co-founders of the Uncommitted National Movement, said in a statement Wednesday that "while there are many factors at play" in Harris' loss, "one undeniable truth remains: Neglecting the voices of those impacted by war has consequences."
"Today, our message is clear: This moment requires more than resilience; it demands decisive action," said Elabed and Alawieh. "The Biden-Harris administration must put an end to the flow of weapons that fuel this cycle of violence. If they do not, the Democratic Party risks saddling our coalition of voters with the ever-increasing weight of a legacy intertwined with endless war and suffering."
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Sanders Slams 'Big Money Interests' and Consultants That Control Democratic Party After Loss to Trump
"While the Democratic leadership defends the status quo, the American people are angry and want change," said the Vermont Independent. "And they're right."
Nov 06, 2024
Shortly before Vice President Kamala Harris delivered her concession speech on Wednesday, U.S. Sen. Bernie Sanders forcefully called out Democratic Party leadership for losing the White House and at least one chamber of Congress to Republicans.
"It should come as no great surprise that a Democratic Party which has abandoned working-class people would find that the working class has abandoned them," Sanders (I-Vt.) said in a statement. "First, it was the white working class, and now it is Latino and Black workers as well."
"While the Democratic leadership defends the status quo, the American people are angry and want change," said the senator, who decisively won reelection on Tuesday as Republicans reclaimed the upper chamber. "And they're right."
After seeking the Democratic presidential nomination in 2016 and 2020, Sanders spent this cycle campaigning for Harris, warning of Republican President-elect Donald Trump's return, blasting billionaire involvement in U.S. politics, and urging Democrats to better serve working people.
"Will the big money interests and well-paid consultants who control the Democratic Party learn any real lessons from this disastrous campaign? ...Probably not."
In Sanders' new statement, he highlighted U.S. income and wealth inequality, worker concerns about artificial intelligence, and the federal government's failure to provide paid leave and universal healthcare while pouring billions of dollars into Israel's war on the Gaza Strip.
"Will the big money interests and well-paid consultants who control the Democratic Party learn any real lessons from this disastrous campaign? Will they understand the pain and political alienation that tens of millions of Americans are experiencing? Do they have any ideas as to how we can take on the increasingly powerful oligarchy which has so much economic and political power?" he asked. "Probably not."
"In the coming weeks and months those of us concerned about grassroots democracy and economic justice need to have some very serious political discussions," Sanders concluded. "Stay tuned."
Progressives—who have responded to Trump's Electoral College and popular vote win by criticizing billionaires who backed him and promising "unprecedented resistance" during his second term—echoed Sanders' remarks.
Sharing Sanders' statement on X—the social media platform owned by billionaire Trump backer Elon Musk—United Auto Workers (UAW) communications director Jonah Furman said: "The task has been clear for a decade. The question is only whether and when we will rise to the task."
Separately, the union's president, Shawn Fain, said in a Wednesday statement that "UAW members around the country clocked in today under the same threat they faced yesterday: unchecked corporate greed destroying our lives, our families, and our communities."
"We've said all along that no matter who is in the White House, our fight remains the same," Fain continued, pointing to the battle against "broken trade laws" like the United States-Mexico-Canada Agreement and fights for good union jobs, a secure retirement for everyone, a living wage, affordable healthcare, and time for families.
"It's time for Washington, D.C. to put up or shut up, no matter the party, no matter the candidate," added Fain, whose union endorsed Harris. "Will our government stand with the working class, or keep doing the bidding of the billionaires? That's the question we face today. And that's the question we'll face tomorrow. The answer lies with us. No matter who's in office."
"Will our government stand with the working class, or keep doing the bidding of the billionaires?"
In a post-election column, Chuck Idelson, former communications senior strategist for National Nurses United, made the case that "amid the postmortems and reckoning that will now follow the wreckage of Donald Trump's return to 'absolute' power, as authorized by the Supreme Court, there are... two notes in particular that deserve a deeper dive."
"In Missouri, a state Trump won by 58%, voters also acted to increase the state's minimum wage to $15 an hour and to require employers to provide paid sick leave to workers," he pointed out. "In Nebraska, another red state won by Trump, voters also passed a paid sick leave measure, Initiative 436, by 75%."
In addition to the ballot measures, Idelson highlighted that "in the multitude of exit poll results, one particularly stands out—94% of registered Republicans voted for Trump, the exact same percentage he received in 2020. The heavy campaign focus on pulling away Republican voters from Trump turned out to be a pipe dream. The old cliché 'it's the economy stupid,' triumphed again."
Harris' campaign, he argued, "reflected the direction the Democratic Party establishment has taken, away from working-class issues since the advent of neoliberal policies in the 1970s and carried out by most Democratic Party presidents since."
Historian Harvey J. Kaye, professor emeritus at the University of Wisconsin-Green Bay, took aim at the Democratic Party on social media Wednesday, noting failures to stand up to billionaires, raise the minimum wage, and pass the Richard L. Trumka Protecting the Right to Organize (PRO) Act.
Morris Pearl, chair of the Patriotic Millionaires and a former managing director at BlackRock, said in a Wednesday statement that "a self-avowed authoritarian successfully wielded the economic frustrations of millions to win the most consequential election of our nation's history. The Democratic establishment has only itself to blame."
"Voters demanded a fundamental overhaul of a rigged economic system. When neoliberal Democrats dithered, Donald Trump offered to clear the board, and voters chose the dark unknown rather than the status quo," Pearl added. "The only question remaining is, why are Democrats surprised? This is the entirely predictable result of a multidecade strategy to appease the rich that met no serious resistance."
The Sunrise Movement—a youth-led climate group that worked to reach millions of young voters in swing states to defeat Trump—similarly stressed on social media Wednesday that "last night's results were a call for change. Millions of people are fed up after living through decades of a rigged economy and corrupt political system. They are looking for someone to blame. It's critical the Dem Party takes that seriously."
"For decades, Democrats have prioritized corporations over people. This is the result. Every working American feels the crisis. We can't pay rent. Our government can't pass basic legislation. The WEATHER has turned against us. And Dems look us in the eye and say it's fine," the group continued. "Trump loves corporations even more than Democrats do, but he ran an anti-establishment campaign that gave an answer to people's desire for change."
"We can stop him, and we must," Sunrise said of Trump. "But it's going to take many thousands of people taking to the streets and preparing to strike. And it's going to take mass movements putting out a better vision for our country than Trumpism and proving that we can make it happen."
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Peace Advocates Fear Trump May Hand Israel 'Full Control of Gaza and the West Bank'
"We in the anti-war movement must redouble our efforts to end the genocide and wars in the Middle East," said one campaigner.
Nov 06, 2024
While many critics of U.S. Vice President Kamala Harris opposed the Democratic presidential nominee due to the Biden-Harris administration's nearly unconditional support for Israel's annihilation of Gaza, peace advocates on Wednesday warned that Republican President-elect Donald Trump could lift the few guardrails the Democrats had placed on Israel and unleash the key ally to seize all of Palestine.
"A Harris victory would not have stopped Israel's genocide in Gaza or drive to war across the Middle East, but Trump's racism, Islamophobia, and bigotry, and his close relationship with [Israeli Prime Minister Benjamin] Netanyahu, could well enable Israel to pursue its desire for full control of Gaza and the West Bank," Lindsey German of the London-based Stop the War Coalition said in a statement.
"We face an extremely dangerous situation worldwide."
Israel has gradually and systematically seized more and more Palestinian lands since illegally occupying the Gaza Strip and West Bank, including East Jerusalem, in 1967. The goal of Israel's far right is expansion of Israeli territory to include what proponents call "Greater Israel," which is based on biblical boundaries that stretched from Africa to Turkey to Mesopotamia. Netanyahu has repeatedly displayed maps showing the Middle East without Palestine, all of whose territory is shown as part of Israel.
On Wednesday, far-right Israelis including senior government officials like National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich celebrated Trump's win. They are openly plotting ways to steal more land, including by ethnically cleansing Palestinians during the current war on Gaza, through home demolitions and forced expulsions in the West Bank and East Jerusalem, and by expanding Jewish-only apartheid settlements that are illegal under international law.
David Friedman, who served as U.S. ambassador to Israel during Trump's first term, recently released a book advocating Israel's annexation of all of Palestine, a policy "based first and foremost on biblical prophecies and values," according to the author. Friedman envisions a situation in Palestine akin to the U.S. conquest and rule of Puerto Rico, in which Palestinians don't have voting rights but are granted limited autonomy so long as they act in accordance with Israeli law.
Powerful Trump backers also support annexation. Republican megadonor Miriam Adelson's wish list for the president-elect's second term includes Israeli annexation of the West Bank and U.S. recognition of the move.
During Trump's first term, then-Secretary of State Mike Pompeo ended a 30-year State Department policy under which Israeli settler colonies in the occupied West Bank were viewed as inconsistent with international law. Pompeo later explained that as an evangelical Christian, his position was based on the biblical belief that Israel is God's "promised land" for his "chosen people," the Jews.
In February, U.S. Secretary of State Antony Blinken reversed the so-called Pompeo Doctrine, declaring Israeli settlements to be "inconsistent with international law"—even as he provided diplomatic cover for the war on Gaza for which Israel is on trial at the International Court of Justice for alleged genocide.
According to Israeli media reports, Trump has pushed Netanyahu to wrap up the Gaza war before he takes office next January. Many observers fear that could mean Israeli forces ramp up already devastating attacks that have killed more than 43,000 Palestinians, mostly women and children, while wounding more than 102,000 others and displacing, starving, and sickening most of Gaza's population.
United Nations human rights officials said last week that Israeli forces are creating an "apocalyptic" situation in northern Gaza, where the invaders are being accused of carrying out the so-called General's Plan to starve and then ethnically cleanse Palestinians from parts of the coastal enclave in order to make way for Israeli recolonization.
"We face an extremely dangerous situation worldwide, with a growing arms race," warned German. "We in the anti-war movement must redouble our efforts to end the genocide and wars in the Middle East. We also need peace in Ukraine, for the West to stop arming Ukraine, and for an end to the escalation of militarism and conflict aimed at China in the Pacific."
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