Energy & Science
Trump Developing Plan to Aid Oil Industry Despite Opposition
- Industry wants bigger loans and fewer requirements to get them
- Democrats warn of ‘short-sighted’ push to help fossil fuels
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A plan being weighed by Treasury Secretary Steven Mnuchin to steer financial aid to beleaguered oil drillers could set up a clash with Democrats who have warned against any bailout for the industry.
Mnuchin said he is considering a lending program for the companies that are seeking aid as they cope with a devastating plunge in prices.