News and analysis from BailoutWatch on fossil fuel industry bailouts and related topics.
By treating fossil fuels like any other part of the economy, despite their weak financial performance and environmental devastation, the Fed is abandoning its obligation to stabilize the financial system and safeguard government resources, according to a broad group of nonprofit and private-sector leaders.
Lenders facing historic challenges say oil and gas investments are among their biggest problems.
Fossil fuel companies participated in the government’s bailout of small businesses at higher rates than those producing green energy and long-lasting consumer products, a new analysis found. It’s another indicator of the fossil fuel industry’s financial weakness going into the pandemic.
Following pressure from the Trump Administration to expand fossil fuel bailouts, BailoutWatch has formally requested records about conversations between the Energy Department, Treasury, and the Federal Reserve.
Fossil fuel companies are getting bigger loans than others and reported saving fewer jobs, a BailoutWatch analysis of the Small Business Administration's Paycheck Protection Program found.
Dozens of bailed-out fossil fuel companies were charged with violating pollution and safety rules. At least seven ripped off the government on drilling fees.
