April, 22 2020, 12:00am EDT
Environmentalists Blast Oil Industry Attempts to Hijack the Fed's Main Street Lending Program
Environmentalists are blasting attempts by oil and gas companies to hijack the Fed's Main Street Lending Program in order to pay down their debt -- debt that began skyrocketing long before the coronavirus impacted the industry.
"Big Oil is looking to steal as big a piece of the stimulus as possible. While first responders work without hazard pay or PPE gear, polluters are looking for a lifeline from taxpayers for their failing industry," said Lukas Ross, Friends of the Earth Senior Policy Analyst.
WASHINGTON
Environmentalists are blasting attempts by oil and gas companies to hijack the Fed's Main Street Lending Program in order to pay down their debt -- debt that began skyrocketing long before the coronavirus impacted the industry.
"Big Oil is looking to steal as big a piece of the stimulus as possible. While first responders work without hazard pay or PPE gear, polluters are looking for a lifeline from taxpayers for their failing industry," said Lukas Ross, Friends of the Earth Senior Policy Analyst.
According to reporting from Reuters, the Independent Petroleum Association of America (IPAA) is asking the Fed "to reconsider a provision that bars eligible borrowers from using the cash to repay other loan balances and requires borrowers to promise to repay the Fed before other debt of equal or lower priority." In other words, they're looking to take the money, use it to pay pre-existing debts, and run.
"This is nothing more than a greedy grab of the people's bailout by some of the wealthiest corporations in the world," said Tamara Toles O'Laughlin, North America Director of 350.org. "Big Oil is trying to protect profits for money hungry executives by siphoning dollars desperately needed by small and medium-sized businesses. This isn't just bad for everyday people, it's terrible for our climate. It's time to invest in a renewable energy economy that works for everybody. And it's past time to stop propping up polluters. Government support should go directly to people losing jobs, wages, and suffering from lack of access to healthcare, not to help pay the debts of billionaires."
Economists and experts are in widespread agreement that the economic collapse of the oil and gas sector is due to long term structural problems that have only been exacerbated by the coronavirus pandemic and oil price war. Over the last decade the industry has taken on enormous debt while spending billions on massive stock buybacks and dividend payments, and continued to pour money into new production, despite clear warnings that their trajectory endangers the planet, economy, and their own viability.
"This week's price crash is not just another boom and bust cycle -- economists have warned that fossil fuels are a risky investment for years," said Jack Shapiro, Greenpeace USA Senior Climate Campaigner. "No matter what Trump and climate deniers in Congress do, the transition from oil and gas to renewable energy is inevitable. Justice for workers and communities is not, especially if fossil fuel executives are allowed to write the rules. We must do everything we can to ensure oil CEOs don't escape with a golden parachute while their workers are left to foot the bill. Congress must guarantee that not a cent of taxpayer money will go to the corporations that created and profited from the climate crisis."
A report released earlier this week by the Center for International Environmental Law, "Pandemic Crisis, Systemic Decline, Why Exploiting the COVID-19 Crisis Will Not Save the Oil, Gas, and Plastic Industries," even before the present crisis, oil, gas and plastics companies showed clear signs of systemic weakness, including long-term underperformance on stock markets, massive accumulations of corporate debt, and rapidly slowing growth.
"Oil and gas companies came into this crisis already saddled with hundreds of billions in corporate debt, fracking wells that were leaking cash, a decade-long stock slump, dwindling investor confidence and a business model fundamentally incompatible with a liveable world. No amount of public money can reverse those trends. Throwing taxpayer dollars down such an unfillable hole at a time of national and global crisis is as unconscionable as it is pointless," said CIEL President Carroll Muffett.
The paper makes clear that diverting COVID-19 support to oil, gas, and plastic companies will take money away from much-needed public health initiatives, and ultimately won't save these failing industries, as the underlying trends spell long-term decline for oil, gas, and petrochemical companies.
"The oil industry and its financiers have long subordinated protecting the climate and respecting indigenous peoples to their desire for short-term profit. Now they want a bailout when their badly-managed finances are collapsing. This not the time to bail out a failing and harmful industry; it is the time to take care of those most impacted by the Covid-19 pandemic and make our economic and health systems more resilient to the coming climate crisis," said Moira Birss, Climate and Finance Director at Amazon Watch.
Attempting to hijack a bailout designed to benefit small businesses is just the latest attempt by the oil and gas industry to profit off of federal bailout programs. Since the outset of the coronavirus, the fossil fuel industry has attempted to profiteer off the crisis, lobbying the Trump administration for bailouts and the rollback of environmental protections, while pushing forward with the construction of dangerous projects like the Keystone XL pipeline. This morning, President Trump tweeted that he has instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available to the 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," said Collin Rees, Senior Campaigner at Oil Change International. "The only special treatment the Fed or any other bank should give the oil and gas industry is an automatic hard pass."
This latest move by oil and gas companies is a clear reminder why it's essential that Congress provide better oversight of the Fed bailout programs. That's especially true for Fed programs that will be managed by Wall Street financial institutions. Groups with the Stop the Money Pipeline campaign have already raised alarms about BlackRock's management of the Fed's multi-billion dollar debt purchasing program, moves by the Commodities Futures Trading Association to bailout banks for risky bets in the oil and gas sector, and the news that major US banks are considering direct ownership of oil and gas companies.
"So we're in a pandemic realizing how fragile we are in this wide world, how much our families and our loved ones matter to us. The federal government bailing out the industries destroying our only home, the only home of generations yet to come, is unconscionable," said Tara Houska, founder of Giniw Collective. "Mother Nature has reminded us of our place in creation, we should listen."
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'Absurd and Nakedly Partisan': Trump-Appointed Judge Blocks Biden LNG Pause
"Trump judges are hellbent on torching environmental safeguards, the climate, and our democracy," said an attorney for the Center for Biological Diversity.
Jul 02, 2024
A Trump-appointed judge on Monday blocked the Biden administration's pause on approvals of new liquefied natural gas export permits, the latest move by the nation's conservative-dominated judiciary to stop the federal government from taking action against the worsening climate emergency.
Judge James D. Cain Jr. of the U.S. District Court for the Western District of Louisiana sided with more than a dozen Republican-led states that sued over the pause earlier this year, claiming it would harm their economies.
Cain wrote in his ruling that the pause, which temporarily halted the approval process for facilities exporting LNG to countries without a free trade agreement (FTA) with the U.S., was "perhaps the epiphany [sic] of ideocracy." The judge falsely characterized the pause as a "ban."
A Department of Energy (DOE) spokesperson said the agency "disagrees" with Cain's decision and "continues to review the court's order and evaluate next steps."
Jamie Henn, the director of Fossil Free Media, called Cain's ruling an "absurd and nakedly partisan decision untethered from reality."
"There is no 'LNG Export Ban' for the court to overturn," Henn wrote on social media. "DOE has simply paused new licenses while conducting a review of LNG's impacts."
This is an absurd and nakedly partisan decision untethered from reality.
There is no “LNG Export Ban” for the court to overturn. DOE has simply paused new licenses while conducting a review of LNG’s impacts. https://t.co/4TQFjYal4M
— Jamie Henn (@jamieclimate) July 1, 2024
The Congressional Research Service notes that under the Natural Gas Act, LNG exports to non-FTA countries "are presumed to be in the public interest, unless, after opportunity for a hearing, the DOE finds that the authorization would not be consistent with the public interest." Environmental groups have implored the Energy Department to develop a public-interest test that thoroughly weighs the climate impacts of LNG exports.
The Washington Postreported late Monday that Cain's ruling "means the Energy Department must resume its consideration of permit applications for new LNG export projects." The administration's pause put at least 14 pending gas export projects on hold, according to Earthjustice.
Craig Segall, the vice president of Evergreen Action, argued Monday that Cain's "deeply misguided" ruling "should have no impact on the Department of Energy's statutory authority over what must be included in a public-interest determination." Segall added that "pause or no pause, the science is clear: No sound analysis that accounts for the climate and environmental harm inflicted by LNG exports could possibly determine that these deadly facilities are in the public interest."
"It's no surprise that a Trump judge would bend the law to hand the oil industry a win," said Segall. "Corporate polluters have gone judge shopping to find a Trump-appointed ideologue to accept their short-sighted, profit-driven view that would advance their fossil fuel agenda without regard for their impact on communities, climate, or domestic energy prices. The Biden administration should appeal this baseless ruling immediately and ultimately make clear it stands with the public interest, not Big Oil."
"Halting the massive and dangerous expansion of these exports is the right thing to do for Gulf Coast communities, wildlife, and all of us who hope to keep living on a sustainable planet."
Climate advocates have argued that the United States' status as the world's largest LNG exporter is harmful to both consumers and the planet, pushing up domestic energy costs while threatening to lock in decades of potent emissions as fossil fuel-driven extreme weather intensifies and scientists warn the world is barreling toward devastation.
"Coupled with last week's court rulings, rolling back the LNG pause shows that Trump judges are hellbent on torching environmental safeguards, the climate, and our democracy," Lauren Parker, an attorney at the Center for Biological Diversity's Climate Law Institute, said in a statement Monday. "This ruling means the Energy Department should deny any more LNG exports and facilities. Halting the massive and dangerous expansion of these exports is the right thing to do for Gulf Coast communities, wildlife, and all of us who hope to keep living on a sustainable planet."
Cain's decision to block the Biden administration's LNG export pause came after the U.S. Supreme Court handed down several rulings that could imperil federal agencies' ability to limit planet-warming pollution.
“Coupled with last week’s court rulings, rolling back the LNG pause shows that Trump judges are hellbent on torching environmental safeguards, the climate, and our democracy," said Lauren Parker, an attorney at the Center for Biological Diversity's Climate Law Institute. "This ruling means the Energy Department should deny any more LNG exports and facilities. Halting the massive and dangerous expansion of these exports is the right thing to do for Gulf Coast communities, wildlife, and all of us who hope to keep living on a sustainable planet."
Cain's ruling also came days after the Federal Energy Regulatory Commission (FERC)—an agency increasingly embraced by Republicans and the fossil fuel industry—approved Venture Global's Calcasieu Pass 2 (CP2) LNG terminal, which if completed would become the nation's largest fracked gas export terminal and increase daily U.S. gas exports by roughly 20%.
"A rubber stamp from FERC is business-as-usual for fossil fuel projects," Lukas Ross, climate and energy justice deputy director at Friends of the Earth,
said in a statement last week. "Thankfully CP2 has a long way to go and we intend to fight it every step of the way. No amount of lobbying will make this project anything other than a climate and environmental justice nightmare."
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Planned Parenthood Warns House GOP Appropriations Bills Attack Global Health
The "slate of dangerous and unpopular provisions" includes "eliminating the Title X family planning program and reinstating the Trump-era expanded global gag rule."
Jul 01, 2024
As the Republican majority in the U.S. House of Representatives uses the appropriations process to promote the GOP agenda ahead of the November elections, Planned Parenthood Action Fund on Monday highlighted how the spending bills attack health within and beyond the United States.
"Once again, anti-abortion rights politicians in Congress are manipulating the federal appropriations process to push for a recycled slate of dangerous and unpopular provisions to block access to sexual and reproductive healthcare across the country and around the world," states the new PPFA memo.
The PPFA document details anti-health policies in spending legislation for fiscal year 2025 that House Republicans have advanced recently, which include provisions "eliminating the Title X family planning program and reinstating the Trump-era expanded global gag rule."
The global gag rule bars U.S. government funding for foreign groups that provide information, referrals, or services for abortion care, or advocate for decriminalization or increasing access. It was initially implemented by former Republican President Ronald Reagan as the Mexico City policy, then reinstated and expanded by former President Donald Trump.
"In all, anti-abortion rights politicians continue to act in defiance of the vast majority of their constituents who believe that the government has no right to control people's personal healthcare decisions with attacks on abortion, birth control, and gender-affirming care."
Despite Trump's ongoing legal battles, he is the presumptive Republican nominee to face Democratic President Joe Biden in November. Biden rescinded his predecessor's gag rule shortly after taking office in 2021. Reproductive freedom has been a key issue in not only that contest but races at all levels of U.S. politics this cycle, as GOP policymakers and candidates have set their sights on abortion care, birth control, and in vitro fertilization.
The gag rule was included in the appropriations bill for the Department of State, foreign operations, and related programs, which the House on Friday passed 212-200. The only Democrat who voted in favor was Rep. Marie Gluesenkamp Perez of Washington—who supports reproductive rights and has shared her own abortion story.
That bill would also "cap funding for international family planning and reproductive health programs at $461 million, a nearly 25% cut," and end funding for United Nations entities including the U.N. Population Fund, as the PPFA memo notes. It would also "restrict information about and access to gender-affirming care," and "maintain the Helms Amendment in addition to restrictions on abortion coverage for Peace Corps volunteers."
Speaking out against the legislation last week, Rep. Rosa DeLauro (D-Conn.), ranking member of the House Appropriations Committee, said that "much like last year, the fiscal year 2025 state and foreign operations bill resurrects the doomed isolationism of the early 20th century."
"For the sake of our national security, women's health globally, and our response to the climate crisis, Republicans must abandon this reckless and partisan path and join Democrats at the table to govern," declared DeLauro, who raised the alarm about House GOP appropriations proposals throughout June.
Taking aim at the labor, health and human services, and education legislation last week, she said that "in keeping with the majority's other partisan bills, this bill is chock full of dozens of poison pill riders, including multiple provisions that attack women's freedom and block abortion and reproductive healthcare services."
Specifically, as the PPFA memo points out, it would interfere with postgraduate training in abortion care, impose the Hyde and Weldon amendments, restrict access to gender-affirming care, block Biden administration executive orders intended to boost abortion care access in the wake of Dobbs v. Jackson Women's Health Organization, and eliminate funding for Title X family planning and teen pregnancy prevention programs while pouring money into abstinence-only-until-marriage initiatives.
It would also "defund" Planned Parenthood, preventing people in communities across the United States—particularly in rural and medically underserved areas—from accessing services including sexually transmitted infection testing and treatment, cancer screenings, and birth control, as the memo outlines.
The recently introduced commerce, justice, and science bill would block most federal prisoners from attaining abortion coverage and prevent the U.S. Department of Justice from suing state or local governments over anti-choice laws, according to the memo. The financial services and general government legislation would reverse a District of Columbia law protecting workers from being fired for their reproductive healthcare choices, bar D.C. from using local funds to cover abortion care, and ban Federal Employee Health Benefits Program coverage of most abortions.
"In all, anti-abortion rights politicians continue to act in defiance of the vast majority of their constituents who believe that the government has no right to control people's personal healthcare decisions with attacks on abortion, birth control, and gender-affirming care," the publication states.
The document also targets provisions in multiple recently passed spending bills focused on homeland security, the Pentagon, and veterans—including attacks on abortion and gender-affirming care for current and former service members and their families as well as anyone in U.S. Immigration and Customs Enforcement custody.
"Anti-abortion rights lawmakers recently included similar measures in the National Defense Authorization Act (NDAA)—an annual must-pass bill," the memo highlights.
"Everyone deserves access to abortion and gender-affirming care, including service members and their families. But these lawmakers would rather play games with our fundamental rights in their attempt to control our bodies, lives, and futures."
After the mid-June NDAA vote, PPFA president Alexis McGill Johnson said that "it's like Groundhog Day. Anti-abortion rights House members use must-pass bills as a vehicle to force through their deeply unpopular and dangerous agenda—again and again and again. Everyone deserves access to abortion and gender-affirming care, including service members and their families. But these lawmakers would rather play games with our fundamental rights in their attempt to control our bodies, lives, and futures."
The NDAA and spending bills aren't expected to pass the Senate—which is narrowly controlled by Democrats—in their current forms, but they send a message about what Republicans would prioritize if they fully reclaimed Congress and the White House.
"The majority's policy riders do not belong in appropriations bills, and like last year, we will defeat them," DeLauro said last month. "But it is disappointing that we are going through this charade again, just months after Republicans and Democrats voted for the 2024 appropriations bills."
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Campaign Collects 730,000+ Signatures for Ohio Amendment to End Rigged Maps
"Our chance to finally achieve fair maps in Ohio is just around the corner," said one supporter of the proposed constitutional amendment.
Jul 01, 2024
The campaign for an Ohio ballot measure for a state constitutional amendment to end gerrymandering has collected more than 730,000 signatures, according to the initiative's organizers.
The Citizens Not Politicians campaign said it delivered 731,306 signatures to the office of Ohio's secretary of state in Columbus on Monday, significantly more than the 413,487 valid signatures needed to qualify for November's ballot.
If approved, the Citizens Not Politicians Amendment will:
- Create the 15-member Ohio Citizens Redistricting Commission made up of Republican, Democratic, and Independent citizens who broadly represent the different geographic areas and demographics of the state;
- Ban current or former politicians, political party officials, and lobbyists from sitting on the commission;
- Require fair and impartial districts by making it unconstitutional to draw voting districts that discriminate against or favor any political party or individual politician; and
- Require the commission to operate under an open and independent process.
Nearly 100 organizations, businesses, and thought leaders across Ohio are supporting the amendment. If the measure is certified for November's ballot and approved by voters, the new commission could draw maps for use as soon as the 2026 elections. Seven other states have similar independent commissions: Arizona, California, Colorado, Idaho, Michigan, Montana, and Washington.
After the delivery, hundreds of campaign staff, volunteers, and supporters rallied in the Statehouse Atrium to celebrate their achievement and send a message to gerrymandering politicians.
"This is our house, the people's house, and with today's signature turn-in, we move one giant step closer to ensuring that the citizens decide who serves here, not the politicians who just scheme and rig the game to stay in power," said retired Ohio Supreme Court Chief Justice Maureen O'Connor, a Republican who helped write the amendment. "This constitutional amendment will restore power to Ohio citizens and take it away from the self-serving politicians and their lobbyist friends and big-money donors."
Ted Linscott, a retired bricklayer from Appalachian Ohio, said: "Where I come from, we believe in fairness and working together to do what's right. For too long, career politicians and their lobbyist friends have manipulated our districts to serve their interests. It's time we put an end to this. We need a system that is open, transparent, and fair."
According to the Citizens Not Politicians campaign:
Nationally, Ohio is recognized as one of the worst states for gerrymandering, undermining proportional representation and leading to political stagnation and ineffective policy.
More than 9 million Ohioans, or 77% of the state population, live in districts where one party has a severe advantage in the 2024 Ohio House of Representatives elections, according to an analysis by the Brennan Center for Justice at the NYU School of Law.
"In my work for voter access and education, I have seen firsthand how gerrymandering creates a Legislature that is ineffective and unresponsive to the needs of Ohio voters," amendment supporter Tucker Sutherland said. "They don't have to care what we think because they draw themselves into cozy districts where they often don't even face opposition for reelection."
Equal Districts, a coalition of 30 advocacy groups,
said on social media that "our chance to finally achieve fair maps in Ohio is just around the corner."
"Let's end gerrymandering in Ohio," the group added.
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