Bailouts for Fossil Fuels

Putin’s tanks had barely crossed the border into Ukraine before the American Petroleum Institute (API) was out on Twitter attempting to exploit the crisis. Without even a word of solidarity for the people of Ukraine, API launched into a set of four demands for the White House, all of which would benefit the industry while providing no help to Europe or Ukraine.

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The Federal Reserve and Congress are helping businesses, including the fossil fuel industry, withstand the economic downturn caused by the coronavirus.

Source: Covid-19 Bailouts for Fossil Fuels

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