Powerless In The Pandemic

16 Bailed-out Electric Utilities Chose Profits Over People, Cutting Power to Homes Nearly 1 Million Times During Covid

DOWNLOAD REPORT

Latest On Bailout

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

Big Oil’s $86B offshore tax bonanza

New research by BailoutWatch, Friends of the Earth, and Oxfam reveals a trove of international tax subsidies that exclusively benefit a handful of multinational polluters

End Of Fed Bond-Buying Leaves Fossil Fuels Stronger, Masking Their Threat To Financial System

The Federal Reserve has finished selling bonds purchased in a historic rescue that propped up the fossil fuel industry, presaging future bailouts

6 Bailed-Out Polluters Already Spent $15M This Year Lobbying For Subsidies And Against Climate Action

The biggest spenders in fossil fuel lobbying went hard to protect tax breaks, limit disclosure of their climate impacts, and fight methane regulation

What Fossil Fuels Really Did With Their Bailouts

Our three-part analysis of 2020 annual reports and proxies found that oil, gas and coal companies received billions in bailout benefits, then paid off their shareholders and executives while laying off workers.

President Trump signed the Paycheck Protection Program Flexibility Act in the early days of the pandemic.

News

Recent news stories from around the web.

Jun 25, 2021

Citgo To Pay For Spill, Investors Demand Environmental Disclosures, Infrastructure, And More

Weekly news headlines about the stimulus and recovery from June 25, 2021.

Jun 18, 2021

Oil Company Laid-off Thousands After Bailout, China Abandons Coal, and more

Weekly news headlines about the stimulus and recovery from June 18, 2021

Jun 11, 2021

Chinese Central Bank Backs Climate Risk Disclosure, Oil and Gas Companies Evade Cleanup, And More

Weekly news headlines about the stimulus and recovery from June 11, 2021.

May 14, 2021

Pipeline hack, Fed presses banks on climate, and more

Weekly news headlines about the stimulus and recovery from May 14, 2021

Fossil fuel plant pollution

Brookings: How Biden And Congress Can Use COVID-Related Corporate Stimulus To Boost Climate Resilience

The Brookings Institute arges that the U.S. should use pandemic recovery funds to incentivize corporations to better confront their own climate risk exposure.