By Eoin Higgins Progressive Democrats led by Rep. Ilhan Omar and Sen. Bernie Sanders on Friday introduced a bill to eliminate fossil fuel subsidies and other industry giveaways, calling taxpayer support of the climate-killing business — a counterproductive and dangerous use of federal funds as the climate crisis worsens and Americans suffer through an economic […]
Two top administration officials, at the direction of President Trump, helped the Federal Reserve alter its lending program intended to bail out small businesses specifically to aid mid-size oil companies, Energy Secretary Dan Brouillette told Bloomberg TV this week. “Secretary Mnuchin worked very closely with the Federal Reserve … and made that program available to […]
By Jessica Corbett As calls for a People’s Bailout in response to the coronavirus pandemic continue to grow across the United States, a new analysis warns that the country’s Big Oil companies “stand to reap yet another billion dollar bailout” thanks to the Federal Reserve’s plans to buy up to $750 billion in corporate debt. […]
By Andrea Germanos A coalition of climate organizations strongly criticized President Donald Trump’s in-person Friday meeting with the chief executives of some of the biggest fossil fuel companies in the world, saying the industry that fueled climate disaster must not be allowed to profiteer from government giveaways by getting bailout funds or preferred treatment during […]
By Ajit Niranjan As wind farms, solar plants and electric cars threaten demand for fossil fuels, oil and gas executives are betting big on another environmental vice: plastic. In the last 10 years, companies including BP, ExxonMobil and Shell have invested billion (€82 billion) in 210 chemical projects linked to America’s shale gas boom alone, […]
By Jessica Corbett Climate advocacy groups responded with swift condemnation Thursday after Treasury Secretary Steven Mnuchin said he will recommend that President Donald Trump ask Congress for as much as $20 billion to purchase oil in what Barron’s reported “would essentially equate to a bailout of the U.S. oil industry, because several U.S. producers would […]
By Dana Drugmand Hawaii has officially joined the fight to hold fossil fuel companies accountable for the climate crisis. On Monday the City of Honolulu filed a lawsuit against 10 oil and gas companies, seeking monetary damages to help pay for costs associated with climate impacts like sea level rise and flooding. The lawsuit, filed […]
By Derrick Z. Jackson The Trump administration is trying mightily to gut the 50-year-old National Environmental Policy Act (NEPA), the law that mandates rigorous, science-based environmental impact reviews for major infrastructure and construction projects prior to federal permitting. NEPA also reserves significant time for the public to weigh in on the impact of projects to […]
By Andy Rowell After weeks of inaction and ineptitude as his country burns, as a billion animals die, with entire species potentially wiped out, and with dozens of people dead and communities and lives ripped apart, Australian Prime Minister Scott Morrison has finally slumbered into action. Over the weekend, Morrison tweeted, “We’re putting more Defense […]
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