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Oil producers’ megaprofits stir up calls for windfall tax

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Gas prices above six dollars a gallon are displayed at a Mobil gas station on the corner of La Cienega Blvd and Centinela Ave on April 28, 2022 in Los Angeles, California. -

Gas prices above six dollars a gallon are displayed at a Mobil gas station on the corner of La Cienega Blvd and Centinela Ave on April 28, 2022 in Los Angeles, California. - California launched a sweeping investigation on April 28 into plastic pollution by major oil companies, in a probe it says will look at whether fossil fuel giants have been lying about the problem for decades. As part of the wide-ranging probe, the state's attorney general hit ExxonMobil with a subpoena with the aim of uncovering its role in an alleged cover-up. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon/AFP via Getty Images

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Segments From this episode

The Weekly Wrap

Marketplace host Kai Ryssdal speaks with Politico’s Kate Davidson and Insider’s Linette Lopez about the personal consumption expenditures Index, jobs and inflation for the Weekly Wrap.

New data shows companies are spending more on workers

by Mitchell Hartman Apr 29, 2022
Wages are rising and benefits are getting better. Trouble is, inflation is outpacing pay.

Rising oil prices fuel a windfall for the industry

by Matt Levin Apr 29, 2022
Outsize profits and stock buybacks are inviting more scrutiny from policymakers and environmental advocates.

When it comes to inflation measures, the Federal Reserve prefers the PCE

by Kai Ryssdal and Sean McHenry Apr 29, 2022
For monetary officials, the personal consumption expenditures gauge beats the CPI. A trip to the grocery store helps explain why.

Brits push back against SLAPP lawsuits that "gag" critics of oligarchs

by Apr 29, 2022
The U.K. government has promised to act against the suits that allow wealthy litigants to abuse libel law and deter reporting on their finances.

Music from the episode

Crazy In Love (feat. Jay-Z) Beyoncé, JAY-Z
Doo Wop (That Thing) Ms. Lauryn Hill
So Far to Go J Dilla, Common, D'Angelo

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