Summary
WASHINGTON - Sen. Olympia J. Snowe, R-Maine, said Monday that after she and Sen. Jack Reed, D-R.I., asked big oil companies to contribute voluntarily to a fund that would help low-income consumers deal with record high oil costs, the American Petroleum Institute has rejected the request.
The five biggest oil companies earned a record $123 billion in profits last year and are expected to announce another bumper year for oil profits this week, Snowe's office said in a press release.See the full content of this document
Extract
Oil Companies Refuse to Chip in to Aid Fund
"Unfortunately, the API has decide...
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