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Oil and gas companies exploit coronavirus to roll back environmental regulations

from Deutsche Welle

Struck by a fall in demand for their fuel and anxious about a volatile energy market, oil and gas companies are lobbying governments for public funds and weaker environmental regulations. Leading firms have lost an average of 45% of their value since the coronavirus crisis started and are demanding government bailouts, buyouts and regulatory rollbacks that strip away environmental protections, a report published April 16 by the Center for International Environmental Law (CIEL) has found. more

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