Senator Elizabeth Warren on Tuesday called on energy companies to explain "their decisions to export record amounts of natural gas while imposing massive price increases" on consumers, accusing them of "corporate greed" while Americans struggle to pay their bills.
Warren sent letters to 11 energy companies, including Exxon Mobil (XOM.N), ConocoPhillips (COP.N) and Occidental Petroleum (OXY.N).
Register now for FREE unlimited access to reuters.com RegisterWarren said she was concerned about "the extent to which these price increases are being driven by energy companies’ corporate greed and profiteering."
She called on the companies to detail, for the past 10 years, their natural gas exports, percentage of total natural gas production exported, average profit margin for exported natural gas, average profit margin for domestic sales of natural gas, and the amount invested in clean, renewable energy.
Warren asked for replies by Dec. 7.Letters were also sent to EQT (EQT.N) , Coterra , BP (BP.L) , Antero Resources (AR.N) , Chesapeake Energy Corp (CHK.O) , Ascent Resources, Southwestern Energy Co (SWN.N) and Range Resources Corp (RRC.N) .
Brendan McDermid, Elizabeth Warren, Warren, Kanishka Singh, Chris Reese, Leslie Adler
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