Tag: oil and gas industry
“The fossil fuel industry wants us to believe its financial woes are just the result of COVID-19, but that’s a lie — these problems have been mounting for years as oil companies and banks made ever-riskier bets on extraction projects hurting communities and wrecking the climate.”
The big banks funded the money-losing fracking industry for the past decade just like they funded the housing crisis — but the reality is, just like in the housing crisis, the coming bailouts will protect the banks.
“These findings are troubling, considering that Congressional candidates are much more likely to win if they raise more money than their opponents.”
Using NWP 12 to permit major pipeline projects in a quiet and less transparent manner made its debut in the Obama White House.