For Immediate Release

Organization Profile: 
Contact: 

Seth Gladstone–sgladstone@fwwatch.org, 917.363.6615

Trump’s Proposed $20 Billion Fossil Fuel Bailout Via the Strategic Petroleum Reserve is a Gross Abdication of Duty

Statement of Wenonah Hauter, Executive Director, Food & Water Action

WASHINGTON -  In comments to the media this morning, Treasury Secretary Steven Mnuchin indicated that the Trump administration is considering spending as much as $20 billion on purchasing oil for the country’s Strategic Petroleum Reserve. In response, Food & Water Action Executive Director Wenonah Hauter issued the following statement:

 “It is often said that moments of crisis bring out the true colors of those in power. This could not be better exemplified than by Trump’s new plan to spend tens of billions of dollars bailing out the fossil fuel industry instead of diverting every available resource to the overwhelming needs of our overburdened public health system trying desperately to tackle the virus outbreak.

SCROLL TO CONTINUE WITH CONTENT

Never Miss a Beat.

Get our best delivered to your inbox.

 “A $20 billion oil buy for the country’s petroleum reserve is nothing more than a thinly-veiled handout to the fossil fuel industry at a time when its profits are suddenly declining from record highs. The last thing Trump should be doing in this time of generational crisis is allocating vital national resources to an industry that contributes to global environmental and human health instability. Well-meaning members of Congress from both parties should be rejecting this egregious proposal out of hand.”

###

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news outlet. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.

Please select a donation method:



Food & Water Watch is a nonprofit consumer organization that works to ensure clean water and safe food. We challenge the corporate control and abuse of our food and water resources by empowering people to take action and by transforming the public consciousness about what we eat and drink.

Share This Article