Granholm: Surtax on Oil Companies 'Is a Tool' and We're 'Looking at' It

Granholm: Surtax on Oil Companies 'Is a Tool' and We're 'Looking at' It


On Wednesday’s broadcast of CNN’s “New Day,” Energy Secretary Jennifer Granholm said that a surtax on excess profits from oil companies “is a tool,” and “no tool has been taken off the table” by President Joe Biden.

Co-host John Berman asked, “When we talk about the tools, you mentioned some of the proposals being discussed in Congress. Sen. Ron Wyden, Democrat, has suggested a 21% surtax on excess profits from the oil companies. Is that one of the tools the president supports?”

Granholm responded, “It is a tool, I’m not saying the president has made a decision about what he would support. He wants to hear from the companies first, but we note that that has happened, obviously, in the U.K. And let

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