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Islamic Revolution & economic progresses (1)
Feb 04, 2024 10:44One of the main reasons for occurrence of the Islamic Revolution was the poor economic conditions and deep injustice prevailing in the Iranian society. Most of the oil revenues before the Islamic Revolution were dedicated to the royal family, its near ones and exorbitant military expenses.
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Rising energy bills put millions of UK households at risk of winter catastrophe
Aug 29, 2022 18:50Experts say 80% price cap increase will plunge British people into destitution and cause an increase in avoidable deaths without urgent government support.
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Truss vs Sunak: Race for UK leadership heats up amid looming recession
Aug 10, 2022 13:25Recently, Labour Shadow Chancellor Rachel Reeves was at pains to explain that the UK government has “lost control of the economy”, adding that “as families and pensioners worry about how they’re going to pay their bills, the Tory leadership candidates are touring the country announcing unworkable policies that will do nothing to help people get through this crisis.”
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Study shows excess corporate profits in the US have become 'widespread'
Jun 24, 2022 15:15A new research paper finds that the US corporate price markups and profits jumped to their highest levels in seven decades last year.
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Boris Johnson to stress work as the fix for cost of living crisis
May 25, 2022 15:18UK ministers remain unable to decide on ways to relieve poverty as they wrangle over windfall tax for energy companies.
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IEA chief warns climate chaos certain if oil and gas mega-projects go ahead
May 14, 2022 16:41Revelations by the Guardian show nearly 200 carbon bomb projects are in planning, or have already started pumping, that will each result in at least 1bn tonnes of carbon dioxide emissions over their lifetimes, equivalent to about 18 years of current global emissions.
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'This is robbery': Chevron profits quadruple and Exxon's double amid Russia- Ukraine crisis
May 04, 2022 13:40Chevron and ExxonMobil announced Friday that their profits surged during the first quarter of 2022, prompting fresh calls for a windfall tax as the U.S.-based oil giants continue to exploit Russia- Ukraine crisis to hike prices at the pump and lobby for more drilling.
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Corporate profits reached record high of nearly $3 trillion in 2021
Apr 07, 2022 07:40As working-class Americans struggled with high inflation, corporate profits soared to a record high in 2021, reaching nearly $3 trillion.
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Revealed: Leading climate research publisher helps fuel oil and gas drilling
Feb 28, 2022 16:03James Dyke, Assistant Director of the Global Systems Institute at the University of Exeter, South West England, said “It’s hard to believe that Elsevier, a Dutch company that publishes research about the dangers of the climate and ecological crises is the very same company that actively works with oil and gas companies to extract more fossil fuels, which drags us towards disaster.”
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Biden issues more gas and oil drilling permits than Trump in his first year
Feb 20, 2022 17:57In the Gulf of Mexico, still recovering from an estimated 134 million gallons of oil spilled by BP in 2010, the Biden administration has leased record-breaking off-shore drilling rights to 33 gas and oil companies including Exxon-Mobil, BP, Shell, and Chevron.