🧵KUDOS to @RepBarragan @SenJeffMerkley @IlhanMN @BernieSanders @RepHuffman @RepJayapal @EdMarkey @RepAOC for introducing the #ReWINDAct which would stop Trump & Wall Street from bailing out fossil fuels companies! stopthemoneypipeline.com/the-rewind-act…

The bill would: Image
1) 🛑the fossil fuel industry from receiving stimulus money through the Fed or Treasury Image
2)🛑 the expansion of the Strategic Petroleum Reserve Image
3) 🛑the Trump Administration from lowering royalty rates for fossil fuel extraction Image
4)🛑 Wall Street banks from bailing out distressed oil and gas companies Image
5) 🛑 fossil fuel leasing, new comment periods & deregulation during the pandemic Image
6) 🛑 fossil fuel bailouts under the Defense Production Act Image
7) Extend all comment periods during the pandemic to ensure the public has a say Image
Contact your congressional representatives. Ask they co-sponsor this important act & demand it be included in the next stimulus package!

Our friends over at the @SierraClub & @PriceofOil have made it easy to do that. See:

act.oilchangeus.org/sign/ReWIND-Act

act.sierraclub.org/actions/Nation… Image

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More from @StopMoneyPipe

Apr 30, 2020
Mnuchin & Trump could announce a plan to bailout Big Oil as early as tomorrow.

In our latest press release, we list 8 reasons why that’s a no good, terrible, messed up idea.
🧵
stopthemoneypipeline.com/mnuchin-big-oi…

#StopTheMoneyPipeline

#NoBigOilBailout
#1: The Trump Administration still hasn’t delivered for American families:

Nearly 25 million Americans are out of work. The administration needs to spend more time helping people and less time prioritizing the needs of oil company CEOs.
#2. Oil companies are in a crisis of their own making:

Oil and gas companies entered the coronavirus crisis over leveraged and saddled with massive debts. The industry’s profitability and share of the economy had already tanked. They got themselves into this mess.
Read 10 tweets

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