Tag Archives: BailoutWatch

Tens of Millions in PPP Loans Went to Corporate Polluters After Companies Were Fined $52 Million, Analysis Shows

“Our federal government should not be essentially giving back portions of the penalties they’ve paid, but that’s exactly what the Trump administration is doing through the PPP.”

By Julia Conley, staff writer for Common Dreams. Published 10-4-2020

“These companies have a clear history of violating public trust and the law by contaminating the environment in pursuit of profits.” (Photo: isciencetimes.com)

As the American public awaits a new coronavirus aid package and at least one in five small businesses expect to close by the end of 2020 due to economic hardship, government watchdog Accountable.US and the HuffPost revealed Sunday that at least five companies which were previously fined for pollution violations received millions of dollars in loans via the Paycheck Protection Program which was introduced in March.

Fossil fuel companies, a diesel engine parts manufacturer, and a nuclear waste management company were among the corporations which received up to $32 million in loans, after they were forced to collectively pay more than $52 million in penalties, according to the analysis. Continue reading

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