• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
EnvironmentUkraine invasion

Green orgs accuse oil and gas industry of ‘taking advantage’ of Russian invasion of Ukraine

Nicole Goodkind
By
Nicole Goodkind
Nicole Goodkind
Down Arrow Button Icon
Nicole Goodkind
By
Nicole Goodkind
Nicole Goodkind
Down Arrow Button Icon
February 25, 2022, 8:00 PM ET

One year ago, President Joe Biden called climate change “the number one issue facing humanity.” Alongside other world leaders, he made a slew of ambitious pledges to mitigate the use of fossil fuels and transition to renewable energy sources.  

A year later, the economic consequences of war have relegated these concerns to an afterthought.

As Russia continues its invasion of Ukraine, oil prices, already roiled by rising inflation, hover at about $100 a barrel. Gas prices in the U.S. and in Europe are soaring, and experts say the ongoing conflict could further disrupt the flow of oil supplies in the region. Russia is currently the world’s second-largest oil producer, behind the U.S. 

With the security of the energy supply suddenly becoming an even greater issue, climate advocates worry that the oil and gas industry are “taking advantage” of consumer fears to advocate for an increase in fossil fuel usage and a temporary suspension of concerns over greenhouse gas being pumped into the atmosphere. 

Advocates note that oil and fracked gas lobbyists are using the Ukraine crisis to send memos to politicians advocating for more domestic fossil fuel production. 

One example is the American Petroleum Institute. In a statement yesterday, its president and CEO Mike Sommers argued, “policies that restrict U.S. natural gas and oil development are steps in the wrong direction. Indeed, few things are more critical right now than providing energy security to American consumers as well as our allies abroad.”

On Thursday, the same day Russia invaded Ukraine, Senator Josh Hawley (R-Mo.) addressed the Conservative Political Action Conference in Florida, and said Biden “shuts down American energy production and greenlights Russian energy production…Is it any wonder that Vladimir Putin feels emboldened to do whatever the heck it is he wants to do?”

Hawley’s colleague, Senator Marsha Blackburn (R-Tenn.), told conservative outlet Newsmax the same day that Biden had made several decisions on energy “that really hindered the U.S.,” such as stopping the Keystone XL pipeline and ending drilling on federal lands. According to Blackburn, Putin saw this and concluded, “Joe Biden is weak. I am going to move forward.”  Blackburn has received more than $800,000 in donations from the oil and gas industry throughout her career.

“What’s happening in Ukraine is absolutely harrowing and make no mistake: fossil fuels enabled this dictator,” Evergreen Action, an advocacy group created by former staffers of Washington Governor Jay Inslee, wrote in a statement. “Contrary to what Republicans and API energy are saying, transitioning off of fossil fuels would be a defense against the volatility of dictators like Putin.”

ClearView Energy Partners warned this week that Russia’s “connectedness to global markets” and its oligarchs’ stakes in energy companies may make repercussions difficult to completely avoid. At a press conference on Thursday, Biden said it was “critical” for him to “limit the pain the American people are feeling at the gas pump.”

Even before Russia’s invasion, inflation fears have prompted an increase in drilling. In December, U.S. Energy Secretary Jennifer Granholm urged American oil producers to increase output, telling them to get “rig counts up.” Exxon Mobil announced this month that it would increase its spending on new oil wells, and frackers who once thought their industry was dead are coming back with a vengeance. 

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Author
Nicole Goodkind
By Nicole Goodkind
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

grantham
Investingbubble
Legendary investor says the AI boom masks a deeper crisis: Falling sperm counts, shrinking populations, and vanishing resources
By Nick LichtenbergApril 12, 2026
6 hours ago
Some communities are enduring unprecedented long waits on federal disaster requests, and Democrat-led states say they’re being denied
PoliticsFEMA
Some communities are enduring unprecedented long waits on federal disaster requests, and Democrat-led states say they’re being denied
By Gabriela Aoun Angueira and The Associated PressApril 11, 2026
21 hours ago
pandu
CommentaryIndonesia
Danantara CIO: Indonesia can anchor the AI and energy economy—if governance keeps pace
By Pandu SjahrirApril 11, 2026
1 day ago
iran
EnergyFood and drink
A global food emergency: Why the closed Strait of Hormuz puts half the world’s calories at risk
By Aya S. Chacar and The ConversationApril 9, 2026
3 days ago
xi jinping
EnergyChina
Deutsche Bank says China is energy ‘winner’ in age of war
By Ishika Mookerjee and BloombergApril 9, 2026
3 days ago
sheinbaum
EnergyMexico
Claudia Sheinbaum wants Mexico to start fracking to get away from Trump’s natural gas. But she won’t call it that
By María Verza and The Associated PressApril 9, 2026
3 days ago

Most Popular

'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz
Politics
'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz
By Fortune EditorsApril 11, 2026
19 hours ago
Palantir CEO says AI ‘will destroy’ humanities jobs but there will be ‘more than enough jobs’ for people with vocational training
Future of Work
Palantir CEO says AI ‘will destroy’ humanities jobs but there will be ‘more than enough jobs’ for people with vocational training
By Fortune EditorsApril 11, 2026
1 day ago
The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt
Real Estate
The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt
By Fortune EditorsApril 11, 2026
1 day ago
Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons
Success
Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons
By Fortune EditorsApril 11, 2026
1 day ago
Navy tests Hormuz blockade as expert says U.S. military prepares for round 2 and could degrade Iran's hold over the strait to a 'manageable level'
Politics
Navy tests Hormuz blockade as expert says U.S. military prepares for round 2 and could degrade Iran's hold over the strait to a 'manageable level'
By Fortune EditorsApril 11, 2026
1 day ago
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
Energy
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
By Fortune EditorsApril 7, 2026
5 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.