BailoutWatch – Tracking government support for the fossil fuel industry.

Fossil fuel companies are getting a big bailout. We’re keeping track.

BailoutWatch is a nonprofit, nonpartisan clearinghouse for news and analysis on federal stimulus and recovery efforts, and how energy companies are cashing in.

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Latest On Bailout

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

Oil and gas firms with heavy debt loads are tapping into a Fed-backed program to obtain needed financing.

Analysis

Fed-Backed Loans To Fossil Fuels Jump

Oil and gas fought for looser lending terms so more of them could tap the Fed’s Main Street Lending Program. New data show their lobbying paid off.

Fossil fuel facility with smokestacks

Data

Main Street Lending Program Loan Recipients

As of Septemper 30th, the total amount of outstanding Federal Reserve loans under the MSLP that went to Oil and Gas companies was over $265 million, up from $83,492,600 on August 31st.

Oil well at sunset

Guest Blog

It’s Time For Congress To Strengthen Protections For Whistleblowers Who Expose Corporate Fraud

The rapid pace and volume of federal spending created new opportunities for misconduct, and these opportunities were seized by powerful corporate actors. The risk of widespread fraud is particularly high in the troubled fossil fuel sector, making whistleblowers crucial for detecting and preventing it.

Analysis

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.

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Big Oil Bender graphic

News

Fueling the Fire report
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.

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