No Coal and Oil Bailout, But Transit Helped

The $2 trillion third coronavirus relief bill passed Congress last week with nearly unanimous support after a difficult negotiation process. As usual with a large budget package, it’s full of winners and losers for different efforts.

There was some good news from an environmental viewpoint. Despite a hard push from the Trump Administration, Senate Majority Leader Mitch McConnell, and others, the bill did not contain bailouts for the coal or oil industries.

Unfortunately, the bill had no boost for the renewable energy industry either.The final version did contain significant operating assistance for local public transit programs around the nation ($25 billion) and for Amtrak ($1 billion). This should help maintain critical environmentally-friendly transportation systems through at least the initial crisis period.

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