Congress is already negotiating on the next COVID-19 stimulus package, and Trump and his allies are pushing hard for another big bailout for fossil fuels. Alarmingly, some elected leaders are considering a dirty deal where they’d trade another fossil fuel bailout for good-but-inadequate tools like tax credits for renewable energy and electric cars.
Fortunately, not everyone is tempted by this devils bargain: Dozens of Democrats in the House and Senate have signed on to support a new bill called the ReWIND act that would ban fossil fuel bailouts, and give us more control over the +$2 trillion Congress has already appropriated.
So far, we’ve got more than 30 members of Congress on our side, but we need more than 200 to stop the dirty deal and pass the ReWIND act as part of the next Congressional stimulus bill. Can you write to your member of Congress now?
Now is the time to speak out: Amid a historic shock to energy and fossil fuel markets, the corrupt Trump Administration and their allies are scrambling for any way to use our tax dollars to prop up the fossil fuel industry. They’ve already tried offering special loans to fossil fuel companies, stopping enforcement of key environmental laws, waiving payments and taxes the oil and gas companies are supposed to pay, and more. Last week the Federal Reserve relaxed allowed more risky and un-profitable fossil fuel companies to get federal bailout dollars, and Republicans in Congress promptly demanded the fossil banks give them a loan.
Trump and his cronies can only get away with all this because Democrats in Congress failed to negotiate tough oversight and restrictions in their last relief bill, called the CARES act. A new bill called the ReWIND Act seeks to fix that and stop future fossil fuel bailouts. The ReWIND Act would block the Trump Administration from using COVID-19 stimulus funds to bail out big polluters, stop many of the schemes Trump has taken or may attempt to benefit the fossil fuel industry, and ensure that the public has a say to protect our health and wellbeing.
With nearly 40 cosponsors already, it’s a popular idea with a real chance of being included in the next Congressional relief bill. But some Corporate Democrats would rather negotiate a dirty deal than stand up to Trump and his corrupt cronies. An internal Morgan Stanley report leaked to the media showed that big banks are working with the fossil fuel industry to trade a fossil fuel bailout for renewable energy tax credits.
We can’t let that happen. We need to tell Congress NOW that there’s no time for a dirty deal as part of the next stimulus package, and that passing the ReWIND Act would stop another fossil fuel industry bailout at the expense of public health crisis and frontline workers. Click here to tell your member of Congress: No Dirty Deals, cosponsor the ReWIND Act and push for its inclusion in the next stimulus bill!