SUBSCRIBE TO OUR FREE NEWSLETTER

SUBSCRIBE TO OUR FREE NEWSLETTER

Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.

* indicates required
5
#000000
#FFFFFF
The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact:

Erin Jensen, (202) 222-0722, ejensen@foe.org

Big Oil to Talk Bailout With Trump

CEOs from seven major oil companies are meeting today with Trump in the White House. The discussion is expected to include support for the industry amidst the coronavirus and the Saudi-Russia oil price war.

"Polluters have wasted no time exploiting the coronavirus for profit," said Lukas Ross, senior policy analyst at Friends of the Earth. "While Americans are losing their lives and healthcare workers are pleading for protective equipment, the Trump Administration is bending over backward to bailout Big Oil. This is a telling testament to Trump's disastrous priorities."

WASHINGTON

CEOs from seven major oil companies are meeting today with Trump in the White House. The discussion is expected to include support for the industry amidst the coronavirus and the Saudi-Russia oil price war.

"Polluters have wasted no time exploiting the coronavirus for profit," said Lukas Ross, senior policy analyst at Friends of the Earth. "While Americans are losing their lives and healthcare workers are pleading for protective equipment, the Trump Administration is bending over backward to bailout Big Oil. This is a telling testament to Trump's disastrous priorities."

Since the crisis began, Friends of the Earth has tracked and analyzing the numerous ways that polluters have sought to exploit the crisis, including:

  • The potential for royalty relief on public lands and waters to subsidize giant companies like BP, Shell and Exxon
  • The potential for the $500 billion slush fund from the last stimulus to support the ailing, cash-strapped fracking industry
  • The likely illegal bid to prop up oil prices with purchases into the Strategic Petroleum Reserve

Friends of the Earth fights for a more healthy and just world. Together we speak truth to power and expose those who endanger the health of people and the planet for corporate profit. We organize to build long-term political power and campaign to change the rules of our economic and political systems that create injustice and destroy nature.

(202) 783-7400