Hundreds of Coal Companies Got $170 Million in U.S. Virus Aid
Bloomberg
Published Jul 06, 2020 03:12PM ET
Updated Jul 06, 2020 03:36PM ET
Hundreds of Coal Companies Got $170 Million in U.S. Virus Aid
(Bloomberg) -- Coal companies received at least $170 million in small business loans under the U.S. government’s coronavirus relief program, according to data released Monday.
Ramaco Resources (NASDAQ:METC) Inc. of Kentucky, JRL Coal Inc. of Georgia and Knight Hawk Coal LLC of Illinois were among the 449 coal companies that received funds through the $669 billion Paycheck Protection Program, overseen by the U.S. Small Business Administration.
About 20 coal companies received at least $5 million. Hundreds of others got $1 million or less.
Read More: Trump Administration Discloses $521.5 Billion in Virus Aid
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