Climate advocacy groups responded with swift condemnation Thursday after Treasury Secretary Steven Mnuchin said he will recommend that President Donald Trump ask Congress for as much as $20 billion to purchase oil in what Barron’s reported “would essentially equate to a bailout of the U.S. oil industry, because several U.S. producers would likely go out of business if demand and prices stay low.”
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“It is often said that moments of crisis bring out the true colors of those in power,” said Food & Water Action Executive Director Wenonah Hauter. “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.”