The European Central Bank (ECB) Governing Council extended an emergency asset purchase program to June 2021 and expanded it by €600 billion to a total of €1.350 trillion. the ECB’s expansion of the asset purchase program “could finance polluters to up to €90 billion,” meaning that the bank could ultimately “channel up to €220 billion to these companies while indiscriminately buying corporate assets to respond to the crisis.” 38 fossil fuel companies have received ECB support. Most of these companies—like Shell or Total—plan on greatly increasing their fossil fuel production and one of them—Fortum—is even involved in the opening of a new German coal power plant.