News and analysis from BailoutWatch on fossil fuel industry bailouts and related topics.
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.
Top members of the House Energy and Commerce Committee demanded answers this week about how Duke, Dominion, and four others shut off families’ electricity, increasing their risks during Covid-19. They cited reporting by BailoutWatch and the Center for Biological Diversity.
While claiming to be the heroes of energy independence, Big Oil CEOs are cashing out, selling nearly $100 million worth of shares as the Ukraine war began
With oil majors ending their Russia partnerships, it’s easy to forget who’s really funding Russian oil expansion: Citigroup, Blackrock, Vanguard
Even before the Ukraine war pushed oil past $100 a barrel, fossil fuels were using multi-billion dollar windfalls to enrich insiders
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
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.
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 research by BailoutWatch, Friends of the Earth, and Oxfam reveals a trove of international tax subsidies that exclusively benefit a handful of multinational polluters
The Federal Reserve has finished selling bonds purchased in a historic rescue that propped up the fossil fuel industry, presaging future bailouts
