He's got the right idea, even if this last maybe a second in the Senate. If anyone is a perfect example of the oil industry's excesses, it's Lee Raymond.
Frank Lautenberg (D-NJ) filed the amendment today. It would re-name the bill itself, "The Lee R. Raymond Oil Profitability Act."
Earlier this year, Raymond received the largest exit package in U.S. history--worth nearly $400 million--to step down as CEO of the oil giant.
Democrats have blasted previous Republican-backed energy packages as handouts to corporations not in need, while gas prices soar for consumers.
"While gas prices have soared, the Republican Congress has showered oil companies with special favors," The New Jersey lawmaker said in a statement. "These companies reap record profits while consumers struggle. Lee Raymond symbolizes the excesses of Big Oil, so this bill should carry his name."
No comments:
Post a Comment