News & Analysis
News and analysis from BailoutWatch on fossil fuel industry bailouts and related topics.
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
GOP firebrand boosted fossil fuels without admitting her husband made nearly $1m from a driller
Rep. Lauren Boebert, one of Oil & Gas’ biggest defenders, was supposed to disclose her family’s income sources before the election. Instead, she waited and got named to the House Natural Resources Committee
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
Fed Chair Powell's Policies Fuel Fossil Borrowing Binge
Oil and gas companies continued to issue new debt at a breakneck pace — even months after the Federal Reserve wound down pandemic programs designed to rev up bond markets, new data show
Seeking answers about fossil fuels’ bailouts, lawmakers instead learn the philosophy of ‘life-giving and persecuted’ oil and gas
Fossil fuel CEOs refused to take lawmakers’ questions about how they spent their bailout billions. Instead, a philosopher called for the ‘liberation’ of coal, oil, and gas
Pay gap widened between oil CEOs and their workers last year, even after bailouts and layoffs
The fossil fuel industry defends its jobs record. But we found a dozen top oil and gas companies paying top executives more than 100 times the median worker’s salary while laying people off — even after collecting billions in public aid.
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.
Fossil fuels used $100M tax bailouts to pay shareholders while slashing jobs
With oil and gas claiming they get “no special tax treatment,” new data show polluters with the biggest tax bailouts mostly used the money to increase payments to shareholders while eliminating jobs
Fossil fuel firms slashed nearly 60,000 jobs in 2020 while pocketing $8.2 billion tax bailout
As Washington weighs ending fossil fuel tax subsidies, oil and gas companies are quietly disclosing how many millions (or billions) they received from a pandemic tax break last year — and how many jobs they cut