Filed Under: Main Street Lending Program

News, analysis, and data about the bailout.

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Main Street Lending Program Loan Recipients

Federal Reserve purchases of loans to oil and gas companies exploded in December, increasing by $1.12 billion and continuing the MSLP's disproportionately favorable support of fossil fuels. Companies rushed to take advantage of the lending program before its sunset at the end of 2020. Nearly 13% of the loans purchased by the Main Street Lending Program were issued to fossl fuels, compared to just 1% for clean energy. As of December 31st, outstanding loans to oil and gas companies totaled $2.22 billion.

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