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Oil companies are making billions. In the U.S., calls to tax their windfall grow

Higher oil prices since the Iran war began mean many oil companies have brought in excess profits. Some U.S. lawmakers want to tax those windfall profits and give the money to lower-income Americans.

Copyright 2026 NPR

Julia Simon
Julia Simon is the Climate Solutions reporter on NPR's Climate Desk. She covers the ways governments, businesses, scientists and everyday people are working to reduce greenhouse gas emissions. She also works to hold corporations, and others, accountable for greenwashing.
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