The Best Last Chance for America's Energy Sector
- Jul 27, 2020 9:13 pm GMT
The COVID-19 virus has impacted nearly every business in America, but few as severely as those in the energy sector. In addition to shutdowns disrupting supply chains, halting construction and installations, and making face-to-face meetings nearly impossible, energy demand has fallen off, hurting sales and chocking off revenue streams.
With the congressional August recess just days away, Senate Majority Leader Mitch McConnell (R-KY) has one last chance to pass emergency relief funding to help American energy companies.
Of particular concern are businesses in the renewable energy sector—which also hold the highest potential for hastening the nation’s economic recovery. Renewable energy companies were creating jobs 12 times faster than the rest of the economy before the pandemic. Maintaining the sector’s ability to employ millions of Americans is still possible if Congress reassures investors that it's committed to clean energy.
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