Fresh analysis from BailoutWatch, Friends of the Earth, and Public Citizen finds Big Oil plans to spend tens of billions of dollars enriching shareholders, using windfall profits generated from high gas prices amid humanitarian crisis in Europe.READ MORE
Reports, news, and analysis on how the fossil fuel industry is using federal bailout money.
Fresh analysis from BailoutWatch and Friends of the Earth finds oil CEOs are billions of dollars richer than they were at the start of the Biden Administration, and have sold shares in their companies worth tens of millions of dollars in the weeks since the war became inevitable.
The private equity industry has pumped hundreds of billions of dollars into fossil fuel companies — offshore drilling in the Gulf of Mexico, fracking operations, pipeline infrastructure and coal power plants — with minimal public scrutiny. Private equity investments in oil and gas are by definition exempt from most public disclosure rules.