Green Group Urges Nationalization of Oil and Gas Industry Amid Coronavirus Outbreak and Economic Upheaval

by Julia Conley

March 23, 2020

On Sunday, President Donald Trump dismissed the notion of using the Defense Production Act to take government control of industries, saying, “We’re a country not based on nationalizing our business.”

Trump’s statement was “completely wrong,” tweeted Thomas Hanna of Democracy Collaborative, a progressive think tank.

As the country faces a likely recession amid the coronavirus pandemic and the collapsing markets that have resulted, Food & Water Action said the government must give Americans greater control in any restructuring of the fossil fuel industry while protecting energy workers jobs from “the whims of Wall Street speculators, self-interested CEOs, or volatile shifts in global commodity prices.”

Read the entire article at Common Dreams.

Publication date: 2020-03-23

Parent publication: Common Dreams

Publication URL: https://www.commondreams.org/news/2020/03/23/green-group-urges-nationalization-oil-and-gas-industry-amid-coronavirus-outbreak-and

by Julia Conley

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