U.S. weighs taking equity stakes in U.S. energy companies, Mnuchin says - Reuters:
The U.S. government is considering taking equity stakes in U.S. energy companies as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, Treasury Secretary Steven Mnuchin said on Friday.
President Donald Trump, speaking at a White House event with Mnuchin, said he wants to help industry and suggested the federal government could buy fuel for the country in advance as well as purchase airline tickets in advance.
“We’re looking at a whole bunch of alternatives,” Mnuchin said.
“You can assume that’s one of the alternatives, but there’s many of them,” Mnuchin said, referring to possible equity stakes.
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