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It’s Time to Abandon the Atlantic Coast Pipeline
Shareholders should encourage Duke Energy and Dominion Energy executives to re-evaluate the prudence of pouring billions of dollars more into the Atlantic Coast Pipeline (ACP). Current events demonstr…
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NEW REPORT: Former energy exec warns Dominion, Duke investors to abandon high-risk gas pipeline
Dominion Energy and Duke Energy should stop trying to build the Atlantic Coast Pipeline. The project is already billions over budget, and construction has been stalled since 2018 by an onslaught of le…
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Federal Reserve bows to Big Oil
This morning the Federal Reserve announced changes to the so-called Main Street Lending Facility, a $600 billion program established with money from the stimulus.
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GOP Senators push Fed for Big Oil bailout
Eleven Senate Republicans released a letter today, calling for greater availability of stimulus funds for oil and gas companies. The Senators are specifically demanding that Treasury Secretary Mnuchin…
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Polluters invest in post-COVID lobbying
A new analysis from Friends of the Earth shows a boost in lobbying registrations from the oil, gas and plastic industries as a result of the coronavirus.
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The Big Oil Money Pit
How $750 billion in new stimulus spending could prop up failing polluters
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New Report: Big Oil’s Money Pit to Reap Stimulus Billions
The Federal Reserve just announced $750 billion in corporate debt-buying as part of funding made available through the stimulus. Big Oil companies stand to reap yet another billion dollar bailout.
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Exxon Democrats support oil purchases
Rep. Henry Cuellar (D-Tx) and at least four other Democrats are calling for purchases into the Strategic Petroleum Reserve (SPR) as part of the next coronavirus stimulus, according to a report this ev…
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Trump pushes Big Oil lifeline
Following a meeting with Big Oil CEOs, Trump announced in a briefing this afternoon new efforts to support the oil and gas industry. He promised to keep the industry in “good shape” and called for…