Yesterday the Washington Post reported that the Trump administration is pursuing a possible bail out for the oil industry.
You read that right. Donald Trump wants to use taxpayer dollars to prop up the oil and gas industry in the midst of a global health and economic crisis. We may not be surprised but we can be appalled.
Thankfully, it’s not entirely up to Trump what the federal government does with its money. Congress will have to approve any spending package related to the current economic crisis, and that’s where you come in.
The fossil fuel industry already receives billions of dollars of wasteful taxpayer subsidies each year. Adding more to that pile would be throwing good money after extremely bad.
Of course the oil-soaked Trump administration is seizing on a moment of crisis to pad the pockets of their billionaire oil industry friends – but our representatives in Washington should do whatever they can to stop this from happening. This oil market panic calls for investment in the future with a Green New Deal, not propping up the dirty past.
This moment is a complex one and we are monitoring the oil market and policy landscape on a minute-by-minute basis. We’ll be in touch soon with more updates if any other proposals as wildly inappropriate as an oil industry bailout starts to emerge.
In the meantime, join us in saying NO to the oil bailout.
David Turnbull
Strategic Communications Director
Oil Change International
Oil Change International campaigns to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy. We are dedicated to identifying and overcoming barriers to that transition.
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