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Recent review finds at least $113m in taxpayer-backed loans meant for small businesses have gone to fossil fuel industry Coronavirus – latest US updates Coronavirus – latest global updates ‘The outlook for US shale companies bad before before the pandemic and the recent steep decline in oil demand that forced oil prices negative.’ Photograph: Paul […] More
Play Video 2:12 US president Donald Trump has sought to downplay the oil price crash as the market collapsed into negative territory. ‘It’s for the short term. A lot of people got caught’, Trump said during his daily coronavirus briefing. He added: ‘Nobody’s ever heard of negative oil before,’ before reassuring that ‘it’s for a […] More
Companies spent $84m on congressional campaigns in 2018, analysis of votes and political contributions shows The oil and gas industry substantially rewards US legislators with campaign donations when they oppose environmental protections, according to a new analysis of congressional votes and political contributions. Oil and gas companies spent $84m on congressional campaigns in 2018. Researchers […] More
