US Banks and Asset Managers Fueled Russian Oil For Years. Now They’re Silent on Ukraine
With oil majors ending their Russia partnerships, it’s easy to forget who’s really funding Russian oil expansion: Citigroup, Blackrock, Vanguard
News & Analysis
News and analysis from BailoutWatch on fossil fuel industry bailouts and related topics.
Fossil fuel profits surged in 2021
Even before the Ukraine war pushed oil past $100 a barrel, fossil fuels were using multi-billion dollar windfalls to enrich insiders
Fossil Fuels Used Our Money to Pay Executives and Harm Americans: A 2021 Roundup
A look back at BailoutWatch’s 2021 findings shows tens of billions in subsidies continue to benefit the fossil fuel industry while fossil fuels harm people and the environment
Big Oil Fuels Opposition to Former Bush Financial Regulator Saule Omarova
Attacks on a key Biden administration appointee to regulate big banks are being funded and promoted by oil and gas interests, a sign of the job’s potential to limit risky lending to fossil fuels.
Powerless in the Pandemic: After Bailouts, Electric Utilities Chose Profits Over People
Electric Utilities Took $1.25 Billion in Pandemic Bailouts While Shutting Off Power to Households Nearly 1 Million Times, according to new research from BailoutWatch and the Center for Biological Diversity
New Report reveals 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
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