![The Port Arthur Refinery Valero](https://images.prismic.io/bailout/e76a3d6d-6d60-40cb-9b93-514bbc322c94_bloomberg-valero.jpg?auto=compress,format&rect=0,62,1200,675&w=1200&h=675)
As bailed-out fossil fuels weaken, industry’s risks shift to taxpayers
Three big oil and gas companies were downgraded after the Fed invested taxpayer dollars to bail them out. Polluters and rule-breakers appeared on the bailout rolls. And smaller players joined in through a separate program.