Data
Vizualizing the data behind the bailout.
Main Street Lending Program Loan Recipients
Federal Reserve purchases of loans to oil and gas companies grew by $245 million in November, continuing the MSLP's disproportionately favorable support of fossil fuels. Over 13% of loans purchased through the Main Street Lending Program to date have been fossl fuels, compared to just 1% for clean energy. As of November 30th, outstanding loans to oil and gas companies totaled $828 million.
Bailed Out & Propped Up: Double Dippers
At least 66 fossil fuel companies double- or triple-dipped into government stimulus programs during the Coronavirus pandemic
Bailed Out & Propped Up: Data
Since the Federal Reserve announced the CARES Act stimulus package in late March, fossil fuel companies have received over $110 billion in direct and indirect benefits.
Bureau of Land Management Bailout of Public Lands Oil and Gas Companies
Over 200 companies that drill on United States public lands received financial benefits from the federal government's Bureau of Land Management. The BLM provided the bailout to oil and gas corporations in the form of royalty rate reductions and lease suspensions.
Fossil Fuel Companies that Received PPP Loans Smaller than $150,000
Over $735,000,000 in Paycheck Protection Plan loans smaller than $150,000 were distributed to 19,156 companies in the fossil fuel sector as of Sept. 8th, 2020.
Fossil Fuel Companies that Received PPP Loans Larger than $150,000
This chart displays Paycheck Protection Program loans larger than $150,000, distributed to companies involved in fossil fuel production, distribution and manufacturing. Through Sept. 8th, 6776 fossil fuel companies received loans totalling between $3,547,750,000 and $8,369,750,000.
Tax Beneficiaries of the CARES Act
Fossil Fuel companies have claimed over $3.8 billion in tax refunds through June 2020.
Oil and Gas Infrastructure Projects Expedited through Environmental Exemptions
Explore this list of Oil and Gas projects expedited for approval following Executive Order 13927 through exemptions to environmental laws including the Endangered Species Act, Clean Water Act, and NEPA.
Paycheck Protection Program: Energy Industry Loan Coverage
This graphic compares the portion of the fossil fuel industry that received PPP loans to the portion of the clean energy industry that received PPP loans, as of July.