The Latest
All of the most recent updates on fossil fuel industry bailouts.
News Roundups
U.S. Stimulus Prospects Darken, Who Cleans up Coal Mess?, And More
Daily stimulus and recovery news headlines from September 22, 2020
Analysis
COVID bailouts funded fossil fuel CEO bonuses while workers and the planet suffered
The egregiousness of fossil fuel companies receiving bailouts — while their CEOs garner millions in bonuses and yet thousands of jobs are lost — occurs against the backdrop of climate disasters colliding with the pandemic.
News Roundups
Fed Helps Blackrock Win Big, Powell And Mnuchin Face Grilling, And More
Daily stimulus and recovery news headlines from September 21, 2020
News Roundups
Gas companies are abandoning their wells, the end of oil, and more
Daily stimulus and recovery news headlines from September 18, 2020.
Data
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
News Roundups
Will the Coronavirus turn out green, Fed pledges to keep interest rates near zero, and more
Daily stimulus and recovery news headlines from September 17, 2020.
Guest Blog
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.
News Roundups
Fed’s lifeline to Main Street flops, IEA cuts 2020 oil demand forecast, and more
Daily stimulus and recovery news headlines from September 16, 2020.
News Roundups
U.S. faces last chance to salvage stimulus deal, investment priorities for a green recovery, and more
Daily stimulus and recovery news headlines from September 15, 2020.
Guest Blog
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.
News Roundups
Federal Reserve preps for final meeting, House to probe US lag on leveraging clean energy, and more
Daily stimulus and recovery news headlines from September 14, 2020.
News Roundups
California's wildfires could spark a financial crisis, Democrats unveil green alternative for U.S. economic stimulus, and more
Daily stimulus and recovery news headlines from September 11, 2020.
Guest Blog
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.
News Roundups
Anadarko CEO ensnared in fraud lawsuit, bipartisan talks may resume after GOP bill fails, and more
Daily stimulus and recovery news headlines from September 10, 2020.
Analysis
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.
News Roundups
U.S. spends the most stimulus but smallest share on green energy, Senate GOP stimulus bill would pull Cares Act funds from Fed, and more
Daily stimulus and recovery news headlines from September 9, 2020.
Report
Commodity Futures Trading Commission: Managing Climate Risk in the U.S. Financial System
For the first time, a US regulatory agency has forcefully acknowledged the threat of climate change to the economy and made policy recommendations to address it -- all while operating under an administration that denies the existence of the problem.
News Roundups
Oil prices fall, stimulus stalemate as Senate returns to Washington, and more
Daily stimulus and recovery news headlines from September 8, 2020.
Guest Blog
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.
News Roundups
Utility stocks getting crushed, critical deadlines loom for Congress, and more
Daily stimulus and recovery news headlines from September 1, 2020.
Analysis
A Hundred Years of Bailouts
Coronavirus lifts the curtain on Big Oil’s other big lie: that it can succeed in the “free market.”
News Roundups
Fed pressed to expand aid, the end of Big Oil, and more
Daily stimulus and recovery news headlines from August 31, 2020.
Report
Haynes & Boone: Oil Patch Bankruptcy Monitor (August update)
Like July, August brought more bankruptcy filings, and this trend will likely continue into the fall. Increasing coronavirus cases in the U.S. and abroad will continue to keep oil demand low until consumers believe that the worst of the pandemic is behind us.
News Roundups
Fed shifts rates, oil follows coal, and more
Daily stimulus and recovery news headlines from August 27, 2020.
News Roundups
Skinny COVID bill, new Fed strategy, and more
Daily stimulus and recovery news headlines from August 26, 2020.
Guest Blog
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.
News Roundups
Airline job cuts, Exxon dropped from Dow, and more
Daily stimulus and recovery news headlines from August 26, 2020.
Guest Blog
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.
News Roundups
Exxon Booted, Demystifying America's Bailout, and More
Daily stimulus and recovery news headlines from August 25, 2020.
Report
InfluenceMap: Is the Fed being sector neutral? (August update)
The Fed's bond purchases still include more energy stocks than if the portfolio were based on employee count, indebtedness, or stock market value. That's true even if you disregard bonds held in Exchange Traded Funds.
News Roundups
More layoffs, pending backcruptcies, lessons from 2009 recovery, and more
Daily stimulus and recovery news headlines from August 24, 2020.
Guest Blog
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.
Report
Congressional Oversight Commission: Fourth Report
In its fourth report, the Commission makes recommendations on the implementation of the Main Street Lending Program, which had so far issued loans totaling only $496.8 million.
News Roundups
Economy Needed More Help From Congress, Trump Admin Ignored Key Alternatives, and More
Daily stimulus and recovery news headlines from August 20, 2020.
News Roundups
Fed faces a ‘major challenge’, Oil industry courts GenZ, and more
Daily stimulus and recovery news headlines from August 19, 2020.
News Roundups
Oil and Gas Giants Take $87bn Hit, Drilling Lobby Promotes Natural Gas, and More
Daily stimulus and recovery news headlines from August 18, 2020.
News Roundups
Downgraded Oil Assets, A Novel Way to Fund a Green Economy, and More
Daily stimulus and recovery news headlines from August 17, 2020.
News Roundups
Coronavirus projected to sap more oil demand than expected, Senate breaks for August recess with no coronavirus deal in sight, and more
Daily stimulus and recovery news headlines from August 14, 2020.
News Roundups
Fed officials warn pandemic response is hobbling economic rebound, Clean energy hiring stalled in July, and more
Daily stimulus and recovery news headlines from August 13, 2020.
News Roundups
Marathon Poised for $1.1 Billion Tax Refund From Coronavirus Aid, Exxon Mobil to stop contributing to its employee 401k plans, and more
Daily stimulus and recovery news headlines from August 12, 2020.
News Roundups
Stranded assets risk rising, federal watchdogs slam federal pandemic loan program, and more
Daily stimulus and recovery news headlines from August 11, 2020.
Report
Haynes & Boone: Oil Patch Bankruptcy Monitor
So far, oil bankruptcies have increased by 66 percent in 2020 compared to last year, and producers will continue to seek protection from creditors in bankruptcy even if oil prices recover over the next few months.
Guest Blog
Fossil fuel companies getting more U.S. bailouts than any other sector
The oil and gas industry is in trouble. And investors are going to lose billions if not trillions in the process.
Analysis
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.
Report
Public Citizen: COVID Lobbying Palooza
In this report, Public Citizen tracks lobbyists during the COVID-19 pandemic that are connected to the Trump administration, and calls for immediate disclosure on COVID-related federal spending.
Report
Pandemic Response Accountability Committee: 2020-2025 Strategic Plan
Over the next five years, the PRAC plans to serve the American public by promoting transparency and the coordinated oversight of the Federal Government’s coronavirus response to prevent and detect fraud, waste, abuse, and mismanagement.
Report
Congressional Research Service: Offshore Royalty Relief During the COVID-19 Pandemic
Some Members of Congress have asked DOI to expand royalty relief for oil and gas producers during the pandemic. What programs already exist, and what are the arguments for and against expansion?
Report
Oil Change International: Dirty Energy Dominance
Fossil fuels are subsidized by the U.S. federal and state governments, and removing these highly inefficient subsidies should be the first priority of fiscally responsible climate, energy, and tax reform policies.