CDN NEWS | 
US NEWS 
(Bloomberg)
Lance, one of the longest-serving major US oil-company CEOs, also cautioned the federal government against any significant changes to the tax structure. Tweaking the tax code could have dire long-term consequences for oil and natural gas investments, he added.
His comments come just days after US President Joe Biden suggested taxing the oil industry’s so-called windfall profits, which the president called “war profiteering.” Lance said calls for windfall taxes are “not a helpful conversation right now.”
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