News & Analysis
News and analysis from BailoutWatch on fossil fuel industry bailouts and related topics.
Big Oil Spent $152M Lobbying, Opposing Rail Safety Rules, Before East Palestine Disaster
Oil and gas firms, trade groups argued nonsensically that it’s worth preventing derailments — but not limiting the damage when they happen
Liquefied Natural Cash: How Methane Exports Reverse Climate Progress, Harm Consumers, and Endanger Communities
New long-term commitments to export methane gas, justified by the Russian invasion of Ukraine, lock in higher emissions, decimate frontline communities, and force higher energy costs on consumers.
Powerless in The United States
How utilities drive shutoffs and energy injustice
How Troubled Oil and Gas Firms Rode a Government bailout to Bigger Profits
With war and gas prices pushing oil and gas to record profits, some firms faced failure. Instead, the government’s pandemic handouts cushioned them from market forces
Sen. Sinema Saved Her Wall Street Donors Billions By Preserving A Tax Loophole
Sen. Sinema’s "carried interest" loophole is a win for private equity and dirty energy
Big Oil's Wartime Bonus: An Update on How It Turns Profits Into Wealth
Explosion in buybacks, dividends continues into Q2 2022 as updated data shows $46B in buyback announcements and $8.3B in special, windfall dividends
Top Oil & Gas Firms Increased Layoffs, Cutting 15k Jobs in 2021
Awash in cash, the fossil fuel industry is laying off workers and increasing pay to executives while it funnels funds to insiders and Wall Street
Powerless in the Pandemic 2.0: Electric Utilities Are Still Choosing Profits Over People
Electric utilities shut off power 3.6 million times since 2020 while increasing payouts to shareholders, according to new research from the Center for Biological Diversity and BailoutWatch
Big Oil's Wartime Bonus: How Big Oil Turns Profits Into Wealth
Amid high gas prices and humanitarian crisis in Europe, the biggest US-based oil and gas companies plan to spend more than $45 billion buying back their own shares, enriching investors and insiders. They also boosted dividend payouts, some by extravagant amounts.