Watchdogs Zero In on Energy Bond Buys

摘要

Greens and watchdog advocacy groups are starting to zero in on the US Federal Reserve's facility for buying corporate bonds in the wake of the pandemic and looming recession, urging the Fed to steer clear of more bond purchases from oil and gas firms. The “scale” of the corporate bond program, known as the Secondary Market Corporate Credit Facility, is one area that greens and other groups concerned about benefits received by oil and gas firms as a result of a March congressional stimulus bill are watching closely, said Collin Rees of Oil Change International.