Showing posts with label profits. Show all posts
Showing posts with label profits. Show all posts

Wednesday, August 13, 2008

McCain's Favorite – Big Oil – made $5 million in profit every hour of every day

From ProgressMichigan.org:

$5 million in profit every hour of every day

The latest news reports that America's biggest oil company announced it is now
making $5 million in profit every hour of every day, the most profits of any American company ever in a single quarter. (AP 7/31/08)

With this report, the world's top five oil companies are now on track to make more than $160 billion in profits this year, dramatically outpacing last year's $123 billion.

Out-of-state Big Oil executives from Houston to Saudi Arabia and elsewhere are personally making millions on the backs of all of us.

Sign the petition to end government subsidies and special tax breaks for Big Oil and instead, invest in clean renewable energy and good paying jobs of the future.

Thursday, July 24, 2008

Michigan Senator Calls for Great Lakes Water Compact

Calling the Great Lakes Water Compact the next step in fully protecting Michigan's great lakes ecosystems and clean water for the future, Sen. Carl Levin (D) introduced a resolution to pass the Great Lakes Water Resources Compact. The compact says, “the protection of the integrity of the Great Lakes Ecosystem shall be the overarching principle for reviewing proposals.”

The measure would use scientific principles to determine whether water can be diverted from the lakes, a shift from the Republican mind-set of doing anything to environment in order to let corporations make profits. The compact imposes "a scientific method for determining whether to allow a proposal to divert water from the Great Lakes, it makes our efforts to protect the lakes more clearly compliant with international trade agreements."

The measure also protects environmental standards from manipulation or challenge by countries or other international entities that might seek to weaken environmental protections here as part of a hindrance to "free trade."

I think the measure hints a serious and meaningful alternatives to the do-anything, free trade mentality that ruled while Republicans controlled our government. Now we are seeing the beginning of responsible protections that have a better shot at preserving water, animal and plant species, and other environmental ecosystems that we as humans need in order to survive.

Free trade, profits, and the market should not be prioritized over human needs or its survival.

Read Levin's full statement here...