Hi,

It was bad enough when big banks and megacorporations got a bailout last
month as millions of Americans lost their jobs and their health insurance.

But now Donald Trump wants to bail out the oil companies too.^1 It's a
disaster for our climate and for the economy. We have to stop this from
happening.

[ [link removed] ]Sign the petition: No bailouts for oil companies!

The coronavirus pandemic has led to an unprecedented collapse in the price
of oil. Because there's now an oversupply of oil, for the first time in
history oil prices have gone negative -- meaning producers will pay you to
take oil off their hands, since they have no place to store it.

This is a crisis for the oil companies. But it's also a huge opportunity
for the climate.

We needed a Green New Deal long before the coronavirus hit. The core of
the Green New Deal is a progressive economic policy that is sustainable
and equitable, providing jobs without making climate change worse.

The collapse in oil prices will lead to a lot of lost jobs if nothing is
done. Trump wants to bail out the oil companies and prop up a fossil fuel
industry that is causing a massive environmental and human crisis.

We should instead pass a Green New Deal that provides jobs for everyone,
including fossil fuel industry workers. doing work that helps reduce
carbon emissions rather than increases them.^2

Congress is debating the stimulus bill right now. We need to make it clear
to them and to the Federal Reserve that they cannot hand fossil fuel
companies billions in bailouts.

[ [link removed] ]Add your name: No bailouts for oil companies!

Thanks for taking action for the climate,

Robert and the team at Demand Progress

[ [link removed] ]DONATE

Sources:
1. Politico, "Trump pledges financial aid to oil industry," [ [link removed] ]April 21,
2020.
2. The New Republic, "The Urgent Message of Negative Oil Prices," [ [link removed] ]April
21, 2020.
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