Windfall Profits Tax 'Is Sorely Needed' But More Oil Is Not, Groups Warn Biden

Nov 01, 2022 View Original Article
  • Bias Rating

    -10% Center

  • Reliability

    N/AN/A

  • Policy Leaning

    -26% Medium Liberal

  • Politician Portrayal

    82% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

N/A

  •   Liberal
SentenceSentimentBias
"This administration must also immediately pass a suite of climate executive actions and use the Defense Production Act to expedite our transition to renewable energy and end our reliance on fossil fuels."
Positive
14% Conservative
"And more investment in oil drilling will deepen our dependence on fossil fuels when the worsening climate catastrophe demands we speed the transition away from fossil fuels."
Negative
-6% Liberal
"Flanked by Treasury Secretary Janet Yellen and Energy Secretary Jeifer Granholm, Biden called on oil companies to cut prices at the pump and boost domestic production -- and warned that if they don't, they're goa pay a higher tax on their excess profits and face other restrictions."
Negative
-8% Liberal
"In brief remarks at the White House Monday afternoon, Biden decried the outrageous third-quarter profits of oil companies such as ExxonMobil and Shell, asserting that their profits are a windfall of war, a windfall from the brutal conflict that's ravaging Ukraine."
Negative
-12% Liberal
"When Congress returns from recess, we expect President Biden's swift help in passing a windfall profits tax that refunds Big Oil's ill-gotten gains to consumers.Supporting clean renewables and taxing runaway fossil fuel profits are two sides of the same coin, he continued."
Positive
4% Conservative
"Meanwhile, the youth-led Sunrise Movement also welcomed Biden's backing of a windfall profits tax intended to rein in price gouging by major polluters, but pressured the president to go even further."
Positive
2% Conservative
"Biden's speech and the reaction came just before not only the U.S. midterm elections -- which will determine control of Congress for the next two years -- but also COP27, a United Nations climate summit set to kick off in Egypt on Sunday."
Positive
2% Conservative
"While welcoming U.S. President Biden's newly confirmed support for a windfall profits tax targeting fossil fuel giants, advocacy groups on Monday also argued against incentivizing more oil production in the United States, especially given the worsening climate emergency."
Negative
-2% Liberal
"Friends of the Earth program manager Lukas Ross responded similarly to Biden's remarks."
Negative
-2% Liberal
"Flanked by Treasury Secretary Janet Yellen and Energy Secretary Jeifer Granholm, Biden called on oil companies to cut prices at the pump and boost domestic production -- and warned that if they don't, they're goa pay a higher tax on their excess profits and face other restrictions."
Negative
-4% Liberal
"Flanked by Treasury Secretary Janet Yellen and Energy Secretary Jeifer Granholm, Biden called on oil companies to cut prices at the pump and boost domestic production -- and warned that if they don't, they're goa pay a higher tax on their excess profits and face other restrictions."
Negative
-4% Liberal
"Flanked by Treasury Secretary Janet Yellen and Energy Secretary Jeifer Granholm, Biden called on oil companies to cut prices at the pump and boost domestic production -- and warned that if they don't, they're goa pay a higher tax on their excess profits and face other restrictions."
Negative
-4% Liberal
"In brief remarks at the White House Monday afternoon, Biden decried the outrageous third-quarter profits of oil companies such as ExxonMobil and Shell, asserting that their profits are a windfall of war, a windfall from the brutal conflict that's ravaging Ukraine."
Negative
-8% Liberal
"We're thrilled to hear President Biden's support for a windfall profits tax to hold oil and gas companies accountable [for] their disgusting price gouging, said Lauren Maunus, the group's advocacy director."
Negative
-32% Liberal
"Sunrise urges Biden to declare a climate emergency, end the leasing of public lands and waters for dirty energy production, and stop issuing permits for new fossil fuel infrastructure, including pipelines, petrochemical plants, and export terminals, especially Line 3, Line 5, and the Mountain Valley Pipeline."
Negative
-36% Liberal
"President Biden is getting it wrong, declared Robert Weisma, president of the consumer advocacy group Public Citizen."
Negative
-38% Liberal

Bias Meter

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-100%
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100%
Conservative

Bias Meter

Contributing sentiments towards policy:

57% : "This administration must also immediately pass a suite of climate executive actions and use the Defense Production Act to expedite our transition to renewable energy and end our reliance on fossil fuels."
47% : And more investment in oil drilling will deepen our dependence on fossil fuels when the worsening climate catastrophe demands we speed the transition away from fossil fuels.
46% :Flanked by Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm, Biden called on oil companies to cut prices at the pump and boost domestic production -- and warned that "if they don't, they're gonna pay a higher tax on their excess profits and face other restrictions."
44% : In brief remarks at the White House Monday afternoon, Biden decried the "outrageous" third-quarter profits of oil companies such as ExxonMobil and Shell, asserting that "their profits are a windfall of war, a windfall from the brutal conflict that's ravaging Ukraine."

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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