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UCS Experts Available Ahead of US House Hearing on Fossil Fuel Industry Climate Pledges
WASHINGTON
At 10 a.m. EST tomorrow, February 8, the U.S. House Committee on Oversight and Reform will hold a hearing with climate experts and environmental advocates to examine the fossil fuel industry's climate pledges. This hearing is part of the committee's investigation into fossil fuel industry climate disinformation, through which four major oil and gas companies and two trade associations have been subpoenaed following testimony by their CEOs at a congressional hearing last October.
While oil and gas companies have been rolling out emissions reduction pledges, their actions fall far short of what science says is needed to limit the worst effects of climate change. Furthermore, all four of the CEOs who testified last October refused to commit not to spend corporate funds on climate disinformation or opposition to climate action.
This week's hearing will lay the groundwork for a planned hearing on March 8 with board members of BP, Chevron, ExxonMobil, and Shell, which was rescheduled after four of the five invitees declined to appear at tomorrow's hearing. The Union of Concerned Scientists (UCS) has climate and accountability experts available who can speak to these hearings, the latest climate research, and fossil fuel industry disinformation:
- Kathy Mulvey, the accountability campaign director at UCS, will be following the hearing live. She is based in Cambridge, Massachusetts. Click here to view her full biography.
- Dr. Brenda Ekwurzel, the director of climate science and a senior climate scientist at UCS. She is based in Washington, D.C. Click here to view her full biography.
- Dr. Rachel Licker, a senior climate scientist at UCS. She is based in Madison, Wisconsin. Click here to view her full biography.
If you have any questions or would like to arrange an interview with one of our experts, please contact UCS Communications Officer Jiayu Liang at jliang@ucsusa.org or +1 216-956-2798.
The Union of Concerned Scientists is the leading science-based nonprofit working for a healthy environment and a safer world. UCS combines independent scientific research and citizen action to develop innovative, practical solutions and to secure responsible changes in government policy, corporate practices, and consumer choices.
LATEST NEWS
'He's Just Stealing Your Money': House Dems Launch Bid to Block $1.7 Billion Trump-MAGA 'Slush Fund'
"It's illegal and corrupt as hell," Congressman Don Beyer said of the president's self-dealing $1.77 billion IRS settlement. "We're fighting it in court."
May 18, 2026
Ninety-three House Democrats on Monday launched a bid to block President Donald Trump's $1.77 billion taxpayer-funded settlement with the Internal Revenue Service, through which the president could reward supporters, including people convicted of seditious and violent felonies during the January 6, 2021 Capitol insurrection.
The Democratic lawmakers joined an amicus brief filed in Trump v. IRS before Judge Kathleen Williams in the US District Court for the Southern District of Florida. Their action followed the Trump administration's announcement of the creation of a so-called "Anti-Weaponization Fund" as part of an agreement to drop a $10 billion lawsuit against the IRS over a leak of the president's tax returns.
Acting US Attorney General Todd Blanche described the fund as “a lawful process for victims of lawfare and weaponization" allegedly carried out by the US Department of Justice (DOJ) during the Biden administration "to be heard and seek redress.”
However, House Judiciary Committee Ranking Member Jamie Raskin (D-Md.) called the settlement "pure fraud and highway robbery," noting that Trump oversees the agency that agreed to settle with him.
"No president can concoct a fake case for $10 billion in damages against the government so he can be plaintiff and defendant and then ‘settle’ his bogus case against himself as a judge," Raskin said.
"This case is nothing but a racket designed to take $1.7 billion of taxpayer dollars out of the treasury and pour it into a huge slush fund for Trump at DOJ to hand out to his private militia of insurrectionists, rioters, and white supremacists, including those who brutally beat police officers on January 6, 2021, and sycophant accomplices to his election-stealing schemes," he added.
Trump's slush fund would give nearly $2 BILLION in taxpayer dollars to his supporters, including violent criminals.He's just stealing your money.There's no transparency, we won't know who gets paid, or how much.It's illegal and corrupt as hell. We're fighting it in court.
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— Congressman Don Beyer (@beyer.house.gov) May 18, 2026 at 10:41 AM
The Democratic lawmakers' amicus filing seeks to block the settlement, which could use taxpayer funds to compensate pro-Trump figures like the nearly 1,600 Capitol insurrection defendants charged or convicted of crimes connected to the Capitol attack, including seditious conspiracy, assault on law enforcement officers with dangerous weapons, and other felonies.
“Trump suing the IRS was never about justice, it’s another self-enrichment scheme on the backs of hard-working taxpayers," House Ways and Means Committee Ranking Member Richard Neal (D-Mass.) said Monday.
“Now, with the court poised to weigh in only days from now, Trump is scrambling to cut a backroom deal and solidify his position as the judge, jury, and executioner," Neal added. "Reporting detailing Trump’s interest in a billion-dollar slush fund for the J6 criminals and permanent immunity from any further IRS scrutiny only deepens the stench of corruption."
Matt Platkin and Norm Eisen, lawyers representing the Democrats, said Monday: “It's against the law for the president to in effect sue himself—and then settle for a huge sum. The court has the power to put a stop to these shenanigans and should do so."
Trump was accused of rewarding political violence when he granted blanket pardons to the January 6 insurrectionists on his first day back in the White House. According to the watchdog group Citizens for Responsibility and Ethics in Washington, dozens of pardoned Capitol attackers have since been charged or convicted of serious crimes, including child sex crimes, rape, grand larceny, burglary, home invasion, gun violations, death threats against public officials, and fatal DUI incidents.
The president and other MAGA figures have accused the Biden administration of "weaponizing" the DOJ against Trump and his supporters. Meanwhile, Trump has targeted political opponents; federal officials involved in investigating and prosecuting him for alleged election interference and mishandling classified documents; pro-Palestine activists; universities and corporations resisting his anti-diversity, equity, and inclusion crusade; journalists; civil society groups; and others.
Progressive advocacy groups joined Democratic lawmakers in condemning Trump's settlement.
“Donald Trump and his compromised Department of Justice have created a slush fund to make payouts to Trump supporters and cronies,” Public Citizen co-presidents Lisa Gilbert and Robert Weissman said in a statement. “This scheme amounts to the creation of a January 6 payment fund.”
Brett Edkins, managing director of policy and public affairs at Stand Up America, said that “while Americans struggle with rising costs fueled by his economic mismanagement and war with Iran, Donald Trump is teaching a masterclass in grift."
"He’s negotiated with himself to create a $1.7 billion tax-dollar slush fund with no oversight, no transparency, and no accountability," Edkins continued. “In simple terms, Trump is stealing $1.7 billion in taxpayer dollars to hand out to himself, his cronies, his donors, or anyone he deems sufficiently loyal—including supporters who were convicted by juries of assaulting police officers on January 6, 2021."
"This is truly unprecedented corruption," he added, "and American taxpayers will foot the bill.”
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Trump's Iran War Has Already Cost Americans Over $40 Billion Extra on Gas and Diesel
"This data shows that energy price shocks function as an economy-wide, unacknowledged tax on households, with costs comparable to large federal programs and policies," said the Climate Solutions Lab director.
May 18, 2026
An analysis released Monday by Brown University researchers shows President Donald Trump's illegal war on Iran has cost American consumers over $40 billion more at the fuel pump since late February.
Iran has responded to the US-Israeli aggression by restricting ship traffic through the Strait of Hormuz, which has limited the trading of fertilizer and fuel. The International Energy Agency's executive director warned Monday that the world only has weeks' worth of oil reserves left.
With the trade route largely closed, including during the current ceasefire, fuel prices around the world have soared. As of Monday, the average price for a gallon of gasoline in the United States was $4.515. Brown's Climate Solutions Lab and Costs of War Project have launched an online tool to track the rising costs for US consumers.
So far, according to the tool, price hikes tied to the war have cost Americans over $41.9 billion extra for diesel ($18.66 billion) and gas ($23.28 billion), based on prewar data, or an average of more than $320 per US household.
"This data shows that energy price shocks function as an economy-wide, unacknowledged tax on households, with costs comparable to large federal programs and policies," said Jeff Colgan, director of the Climate Solutions Lab, in a statement.
The new research brief from Brown highlights how that money could have been spent to improve Americans' lives. For example, that $40 billion "could pay for the entire federal Bridge Investment Program announced in 2024 to repair, restore, and modernize over 10,200 of the nation's bridges."
The full figure also exceeds "the estimated cost of completely redoing the US air traffic control system ($31.5 billion)," the brief states. It's also two times the cost of the Biden administration's proposed electric vehicle charging and electrification programs ($18.9 billion).
"Rising fuel costs are just one of the many financial costs of this war," noted Costs of War director Stephanie Savell. "Official estimates of Iran War costs are just scratching the surface of the actual burdens Americans will face because of it."
Researchers, policymakers, and other critics have been sounding the alarm about the various costs of Trump's war—including human lives lost, infrastructure damage in the Middle East, and rising prices around the world—throughout the conflict.
Earlier this month, a report from the office of US Sen. Ed Markey (D-Mass.) projected that if gas prices remain at their current level, it will cost Americans an extra $73.06 per month, or $876 per year, to fill up just one vehicle.
An analysis published Friday from the liberal think tank Center for American Progress stressed that the increased fuel and fertilizer prices are hitting rural families and farmers—which are key to Trump's base—particularly hard.
Globally, during the first month of the war, consumers and businesses lost up to $111.6 billion due to rising fuel prices, according to the climate group 350.org—which emphasized that its estimate did not account for "wider knock-on effects, such as rising fertilizer and food costs, declines in economic output and employment, or broader inflation driven by fossil fuel price volatility."
"Over $100 billion has gone straight into the pockets of fossil fuel companies," 350.org chief executive Anne Jellema said at the time, "while families struggle to afford energy and basic necessities."
In his public comments, the president has repeatedly made clear that he does not care about how his war impacts the public. Last week, when asked about how much "Americans' financial situations" were on his mind as he tries to negotiate an end to the conflict, Trump said, "Not even a little bit."
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'Stuttering Speechlessness' by Jim Cramer Seen as Telling Reaction to Suspicious Trump Stock Trading
"Cramer here is having what should be the normal reaction to Trump actively insider trading on his own decisions," said journalist Ryan Grim.
May 18, 2026
One of Wall Street's most recognizable gurus, Jim Cramer, became notably tongue-tied on Monday after President Donald Trump’s recent stock-trading spree entered into a televised conversation with his colleagues on CNBC.
Disclosures published by the US Office of Government Ethics last week revealed that Trump in the first quarter of 2026 carried out over 3,700 stock transactions, including over 30 stock purchases worth $1 million or more.
As noted by The Financial Times, Trump's investments included transactions involving Tesla, Nvidia, Apple, Meta, Visa, Citi, Boeing, Qualcomm, and GE Aerospace, whose executives all accompanied the president on his trip to China last week.
When CNBC co-host Carl Quintanilla brought up these trades during Monday's edition of "Squawk on the Street," Cramer spent ten straight seconds mumbling incoherently.
This promoted co-host David Faber to reassure viewers that "we're not having technical difficulties here," even as Cramer appeared to short circuit.
OMFG the CNBC anchors were puffing up the value of chipmaker Intel, they brought up Trump doing personal trades in the stock, and Jim Cramer stuttered for 15 seconds straight and then was quiet.
Was Cramer shocked by the corruption or mad Trump was picking better stocks? pic.twitter.com/oCl3ypNids
— Matt Stoller (@matthewstoller) May 18, 2026
Journalist Ryan Grim said that Cramer's reaction to mention of Trump's trades was understandable given that some of the companies whose stocks he traded have been direct beneficiaries of the president's illegal war with Iran and other policies.
"Cramer here is having what should be the normal reaction to Trump actively insider trading on his own decisions," remarked Grim. "Just sputtering speechlessness."
Journalist Judd Legum on Monday published an analysis of the Trump stock trades in which he identified multiple instances where the president purchased stocks of companies shortly before—or in some cases, on the exact same day—that he publicly singled them out for praise.
Specifically, Legum found that Trump bought tens of thousands of dollars' worth of shares in biotech firm Thermo Fisher Scientific on the same day he took a tour of one of its manufacturing facilities, and hundreds of thousands of dollars' worth of shares in Apple on the same day he delivered a speech calling it "a great company," while saying then-CEO Tim Cook has "done a good job."
Trump also bought up shares in Micron Technology and then described it as "one of the hottest companies" during an interview with Fox News just one day later.
And nine days after buying millions of dollars' worth of shares in Dell, Trump delivered a speech in Georgia where he told his audience to "go out and buy a Dell computer."
In analyzing the trades, Legum explained how Trump has destroyed any remaining guardrails preventing US presidents from using their office to personally enrich themsleves.
"If Trump wanted to legally remove himself from investment decisions he could do so by creating a qualified blind trust," Legum wrote. "Instead, before returning to the White House, Trump transferred his assets in a trust that is managed by his son, Donald Trump Jr. There are no legal or practical barriers preventing Trump from being involved in the management of his assets."
Rep. Dan Goldman (D-NY) warned Trump that details of his assorted stock trades would eventually come to light.
"This smells like blatant and criminal insider trading," Goldman wrote in a social media post. "Even worse, Trump is personally profiting off of his illegal deportation dragnet. Since we know congressional Republicans will pretend like they never saw this and won’t do a thing, anyone involved in these trades should preserve their records for my investigation in January 2027."
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