Environmentalists are blasting attempts by oil and gas companies to hijack the Fed’s Main Street Lending Program in order to pay down their debt — debt that began skyrocketing long before the coronavirus impacted the industry.
covid-19
Groups: New Mexico Delegation Must Support People, Oppose Big Oil Bailout
Indigenous, community, and conservation groups today called on New Mexico’s congressional delegation to oppose bailing out fossil fuel companies with emergency aid during the coronavirus pandemic, and to focus all support on vulnerable communities.
Oil and gas news & insights: Week of April 13
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
Discussion Paper: The Case for Public Ownership of the Fossil Fuel Industry
The U.S. government should acquire ownership and control over fossil fuel companies to safeguard workers, avoid taxpayer-funded bailouts, restore communities, save taxpayer dollars, and ensure an eventual managed phase-out of coal, oil, and gas production.
Trump’s loosening of environmental rules amid pandemic are “increasing risk of death in COVID-19 patients”
By all accounts Trump’s handling of the Coronavirus pandemic has been a disaster for months.
Big Oil bosses to meet Trump demanding further financial support & deregulation
Later today, U.S. President Donald Trump is set to meet with at least seven senior oil executives in person at the White House to discuss the historic plunge in the oil price.
Response to Keystone XL subsidy announcement from Alberta
Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.
Response: Export Development Canada changes in the Emergency Response Act could amount to a giant oil bailout
The new measures allow for an unlimited amount of public finance to flow to Canada’s oil and gas sector at the sole discretion of the Minister of Finance.
Putting clean energy stimulus at the heart of IEA analysis?
People all over the world are facing unprecedented crises from COVID-19. These tragic impacts will be the deepest in the world’s most vulnerable communities, regions and countries. IEA director Dr. Fatih Birol has urged governments worldwide to place clean energy at the heart of stimulus. Here Dr. Birol is right – but making this clean energy call count with real ambition is critical if the IEA wants to shake its reputation as a shill for the fossil fuel sector.
Our Statement on the Ongoing COVID-19 Pandemic
We are in the midst of a global crisis. COVID-19 has put the health, livelihoods, homes, and safety of billions at risk. At Oil Change International we are reorienting our work at this critical time to respond to the needs of this moment.