Blog
Our latest posts on fossil fuel industry bailouts.
![Protesters gather at Boston City Hall and march through downtown to demand immediate action for climate justice in Boston, Massachusetts, on October 15, 2020.](https://images.prismic.io/bailout/d1614942-e627-4299-b0c2-23546e8f0c80_protest.jpg?auto=compress,format&rect=0,62,1200,675&w=1200&h=675)
The U.S. Is Missing a Chance to Tackle Climate Crisis and Pandemic Relief Together
It’s time for the Fed to join the European Central Bank in acknowledging the inherent financial risks that climate change brings, and to ensure that the securities the Fed buys to boost the economy are done with climate risk in mind.
![Oil well at sunset](https://images.prismic.io/bailout/87f577cf-46bd-4d10-ac7e-7e085c6a3c67_oil+well.jpeg?auto=compress,format&rect=0,118,1932,1087&w=1200&h=675)
It’s time for Congress to strengthen protections for whistleblowers who expose corporate fraud
The rapid pace and volume of federal spending created new opportunities for misconduct, and these opportunities were seized by powerful corporate actors. The risk of widespread fraud is particularly high in the troubled fossil fuel sector, making whistleblowers crucial for detecting and preventing it.
![Senator Bernie Sanders and Representative Ilhan Omar](https://images.prismic.io/bailout/5a05f528-3c04-40bc-9b5c-7224f1c0aa87_omar+sanders.jpg?auto=compress,format&rect=33,0,889,500&w=1200&h=675)
Summarizing the End Polluter Welfare Act
Although the Act is unlikely to become law, it draws attention to the sheer volume of tax breaks and subsidies the industry now enjoys at the expense of the public and provides a roadmap that could be taken up in a more favorable political climate.
![An oil refinery owned by Exxon Mobil is pictured on February 28, 2020, in Baton Rouge, Louisiana.](https://images.prismic.io/bailout/ba327682-ae7d-4d14-ab2e-c9ee7071b06d_oil+refinery.jpg?auto=compress,format&rect=0,61,1200,675&w=1200&h=675)
The Fed Invested Public Money in Fossil Fuel Firms Driving Environmental Racism
While financial analysts sound the alarm about this dying industry, the Federal Reserve has been buying up the debt of fossil fuel companies through a pandemic emergency program.
![Stock changes numbers](https://images.prismic.io/bailout/529e1fc5-da44-4081-b939-521f4c88d5bc_cftc+numbers.jpg?auto=compress,format&rect=0,0,640,360&w=1200&h=675)
Environmental community reacts to new federal climate-risk report
The Commodity Futures Trading Commission (CFTC)'s new climate report is at odds with how the Federal Reserve, Treasury, and Trump Administration are addressing the economic fallout from the pandemic. By bailing out failing fossil fuel companies, these bodies have been increasing both climate and financial risks.
![gas flare](https://images.prismic.io/bailout/fbf2a5c3-a0f4-433f-85e4-6b913335f941_greenpeace.jpg?auto=compress,format&rect=0,41,800,450&w=1200&h=675)
How to Stop Bailing Out the Past
As we chart a path out of this crisis, it’s long past time we invest in the green and just future we deserve. But right now, the U.S. government is still giving away our public dollars to the industry of the past.
![People over polluters protestor White House](https://images.prismic.io/bailout/3a58f41b-a740-4d7f-b54b-d342b6ac468a_GP1STRF7_Medium_res_with_credit_line-e1588266241597.jpg?auto=compress,format&rect=0,31,600,338&w=1200&h=675)
Marathon Petroleum takes bailout tax breaks while pumping pollutants into poor communities during a pulmonary pandemic
Marathon Petroleum, the largest oil refiner in the country with a history of environmental violations impacting Black and Brown communities, has taken millions in bailout tax breaks.
![Oil is over! tugboat greenpeace](https://images.prismic.io/bailout/d8ae8c2c-20ac-4615-b5ea-139e882d303e_GP1STWEH_Web_size_with_credit_line.jpg?auto=compress,format&rect=0,39,800,450&w=1200&h=675)
Occidental Petroleum lobbies for bailouts but leaves behind legacies of pollution
Occidental Petroleum has been careening towards bankruptcy ever since the pandemic hit—which only shows why we need a managed decline of the industry, not more bailouts.
![coal mine mountaintop removal West Virginia](https://images.prismic.io/bailout/f2e902f7-11ff-4499-bce7-b20d6ce5db86_MRT.jpeg?auto=compress,format&rect=0,43,840,473&w=1200&h=675)
Coal industry titans have long relied on government handouts. Now they’re getting COVID bailouts
Let’s stop propping up the coal industry with small-business loans and subsidies.
![Offshore oil workers](https://images.prismic.io/bailout/51dc6d08-336c-4a88-8c56-94b5507368b8_OffshoreWorkers.jpg?auto=compress,format&rect=0,23,590,332&w=1200&h=675)
Big Oil, Big Meat get a big break in GOP stimulus proposal
The single biggest priority in the Republican-proposed HEALS Act would shield the biggest polluters from responsibility for protecting their workers. It's a gift they have wanted for a long time.