Big US banks say fossil fuel investments are dragging them down
Lenders facing historic challenges say oil and gas investments are among their biggest problems.
News & Analysis
News and analysis from BailoutWatch on fossil fuel industry bailouts and related topics.
Oil and gas companies were far more likely to need ‘small-business’ bailouts
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.
BailoutWatch Seeks Records On Fossil Fuel Bailouts
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 firms tended to get more, do less in 'small-business' bailout
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.
Polluters, firms that ripped off the government got 'small-business' bailouts
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.