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   Sludge (sludge@journa.host)'s status on Thursday, 30-May-2024 09:00:44 JST Sludge

   Big Oil is getting even bigger, and members of Congress are among those profiting.

   ConocoPhillips is acquiring Marathon Oil in an all-stock deal worth $17 billion.

   Members of Congress who own Marathon Oil stock saw its price jump today by more than 8%...🧵

   • pica.pica repeated this.
   • Embed this notice
     Sludge (sludge@journa.host)'s status on Thursday, 30-May-2024 09:00:44 JST Sludge

     in reply to

     Rep. Greg Pence (R-IN), brother of the former vice president, worked for Marathon Oil, and his household owns up to half a million dollars of Marathon Oil stock.

     Pence introduced a bill, passed in H.R. 1, that would allow the EPA to waive Clean Air Act requirements.

     https://readsludge.com/2023/04/24/gop-energy-bill-authors-stand-to-profit-from-oil-and-gas-stocks/