Oil and Gas Companies Indirectly Bailed Out by the Fed

EcoWatch
By Climate NexusOct 1, 2020, 12:20 pm360 pts
A new report shows the U.S. government bought more than $350 million in bonds issued by oil and gas companies and induced investors to loan the industry tens of billions more at artificially low rates since the coronavirus pandemic began, Bloomberg reported. The Federal Reserve itself bought debt from 19 fossil…

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