Big Oil

WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, cosponsored the Taxing Buybacks from Big Oil Windfalls Act, legislation led by Senate Finance Committee Ranking Member Ron Wyden (D-Ore.), Democratic Leader Chuck Schumer (D-N.Y.), and Senator Michael Bennet (D-Colo.), which would increase the excise tax on stock buybacks of…

WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure, today joined U.S. Senators Ron Wyden (D-Ore.), Jeff Merkley (D-Ore.), and Ed Markey (D-Mass.), alongside U.S. Representative Maxine Dexter (D-OR-03), in reintroducing the Plug Offshore Wells Act, bicameral legislation to address the growing threat of abandoned offshore oil and…

WASHINGTON, D.C. — U.S. Senator Peter Welch (D-Vt.), alongside U.S. Senator Michael Bennet (D-Colo.), recently introduced the No Taxpayer Funds for Corporate Investment in Venezuelan Oil Act, legislation to prohibit the Trump Administration from providing taxpayer reimbursements for oil companies investing in Venezuela’s oil and gas sector.   “President Trump’s unconstitutional actions in…

Letter Advises Chevron, ExxonMobil, and ConocoPhillips to “be on notice” that Trump has no authority to compensate them for investments.  Big Oil execs met with President Trump at the White House this afternoon.  WASHINGTON, D.C. — U.S. Senator Peter Welch (D-Vt.) today led his colleagues in urging oil industry giants Chevron, ExxonMobil, and ConocoPhillips to proceed with extreme caution as President Trump plots to…

WINOOSKI, VT – U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit, joined a forum hosted by the Energy Action Network (EAN) and the EAN Climate Workforce Coalition on how Congressional policy and budget decisions may…