70 advocacy organizations are demanding that the Federal Reserve immediately stop using its emergency Covid-19 lending facilities to buy up fossil fuel debt, warning that rescuing the faltering oil and gas industry is both a bad investment of public money and disastrous for the climate. Unfortunately, the Fed has purchased around $748 million in fossil fuel industry bonds since the launch of its sprawling bailout effort in May.
commondreams.org/news/2020/07/30/dirty-energy-sector-crashing-nearly-70-groups-urge-fed-stop-buying-wasteful-fossil