Big Banks Pull Financing, Prepare To Seize Assets From Collapsing Oil and Gas Industry
DeSmogBlog
APRIL 13, 2020
Read time: 6 mins The finances of the oil and gas industry are so dismal that the major banks that have funded the money-losing fracking boom are now exploring taking the unusual step of taking over the oil companies that can not afford to pay back the bank’s loans. Tags: fracking finance Big Banks
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