Trump Admin. Punishes Renewables While Bailing Out Oil and Gas

Interior Department Hits Solar And Wind Projects With Hefty Retroactive Bills Amidst After Giving Excessive Gifts To Oil And Gas Industry

Region:

Trump’s Interior Department is demanding payment from the past two years from solar and wind projects on federal lands, Reuters is reporting. The move, described as a “multi-million-dollar hit” to the wind and solar industries, is a stark contrast to the gifts and bailouts the administration has been showering the oil and gas industry with since the coronavirus pandemic started.

“Making renewable industries pay millions of dollars while pandering to extractive industries exposes this President’s priorities,” said Chris Saeger, a spokesman for Western Values Project. “The Trump administration’s hypocrisy is astounding: they are using a public health crisis as an excuse to bail out the President’s corporate cronies while leaving everyone else to fend for themselves.” 

According to the Reuters story, the Interior Department expects to collect $50 million in retroactive fees from renewable projects in 2020. Interior had stopped charging renewable industries rent in 2018 to review company complaints but had consistently refused to comment on the results of that review. In contrast, Interior– run by former oil and gas lobbyist David Bernhardt– has helped oil and gas drillers on federal lands get relief from paying royalties amid an oil market slump. 

The Trump administration has been blatantly bailing out the oil and gas industry during the coronavirus pandemic. In just the first two weeks of the Small Business Administration’s Payroll Protection Program (PPP), oil, gas and mining companies got a whopping $3.9 billion in PPP funding, even though the program was designed to help small businesses, not publicly traded corporations. In its bailing out of extractive resource corporations, the administration has given PPP funding to a foreign-owned uranium mining corporation with ties to the Trump administration, a Indiana-based coal corporation with a former Trump official as its lobbyist, and oil corporations that spent millions on stock buybacks

And last month, the administration granted the oil lobby another one of its wishes and made it easier for the oil and gas industry to access funding. Following requests from the Independent Petroleum Association of America, the Main Street Lending Program eased restrictions on borrowing for heavily indebted oil companies and allowed them to use the loans to refinance existing debts. 

The Trump administration has also been letting corporate polluters off the hook. Since the coronavirus began, Trump’s Environmental Protection Agency (EPA), Department of Justice (DOJ), and Federal Energy Regulatory Commission (FERC) all recently announced enforcement holidays for government fines, penalties and settlement payments, including for companies that had committed major environmental violations. 

*

Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Featured image is by Gage Skidmore


Articles by: Christian Correa

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]