Bailed Out & Propped Up Fossil Fuel Bailouts Climb Past $15B

The fossil fuel industry received between $10.4 billion and $15.2 billion in direct economic relief from federal efforts under President Donald Trump. Download our latest report, put together in partnership with Public Citizen & Friends of the Earth.

Latest On Bailout

Reports, news, and analysis on how the fossil fuel industry is using federal bailout money.

The Federal Reserve building in Washington, D.C.

Fed’s Fossil Fuel Bailouts Grow To Half Billion As Focus Shifts To Next Steps

The current bailout programs are a political hot potato and policymakers are discussing the next rounds of stimulus. In the meantime, the Fed program designed to prop up midsize fossil fuel companies continues to grow.

Public lands sign Department of Interior

Bureau Of Land Management Bailout Of Public Lands Oil And Gas Companies

Over 200 companies that drill on United States public lands received financial benefits from the federal government's Bureau of Land Management. The BLM provided the bailout to oil and gas corporations in the form of royalty rate reductions and lease suspensions.

climate protestors

The U.S. Is Missing A Chance To Tackle Climate Crisis And Pandemic Relief Together

It’s time for the Fed to join the European Central Bank in acknowledging the inherent financial risks that climate change brings, and to ensure that the securities the Fed buys to boost the economy are done with climate risk in mind.

Big Oil’s $100 Billion Bender: How The U.S. Government Provided A Safety Net For The Flagging Fossil Fuel Industry

A tally by Friends of the Earth, Public Citizen, and BailoutWatch has identified nearly $100 billion in bonds sold by oil and gas companies since the Federal Reserve launched its unprecedented bailouts last March.

Big Oil Bender graphic

News

Recent news stories from around the web.

Nov 20, 2020

Climate change has hit the U.S. harder than any other G20 country, hundreds of companies that got stimulus aid have failed, and more

Weekly news headlines about the stimulus and recovery from November 20th, 2020.

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Nov 13, 2020

Fed acknowledges climate risk, Biden transition rumors, and more

Weekly news headlines about the stimulus and recovery from November 13, 2020.

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Nov 06, 2020

Climate change is a systemic financial risk, Fed props up the economy, and more

Weekly news headlines about the stimulus and recovery from November 6, 2020.

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Oct 30, 2020

Exxon cuts 15% of workforce, New York to regulate banks on climate risk, and more

Daily news headlines about the stimulus and recovery from October 30, 2020.

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Fueling the Fire report

Fueling The Fire: Why Any Fossil Fuel Industry Bailout Will Be Disastrous For Communities Of Color

A new report from Partnership for Working Families, Action Center on Race & the Economy, and the Public Accountability Initiative finds that U.S. federal economic recovery programs provided inadequate support to low-income, immigrant, & BIPOC communities most harmed by the fossil fuel industry, but gave the industry $110 billion in stimulus.