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.
All of the most recent updates on fossil fuel industry bailouts.
Daily stimulus and recovery news headlines from September 15, 2020.
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.
Daily stimulus and recovery news headlines from September 14, 2020.
Daily stimulus and recovery news headlines from September 11, 2020.
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.
Daily stimulus and recovery news headlines from September 10, 2020.
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.
Daily stimulus and recovery news headlines from September 9, 2020.
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.
Daily stimulus and recovery news headlines from September 8, 2020.
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.
Daily stimulus and recovery news headlines from September 1, 2020.
Coronavirus lifts the curtain on Big Oil’s other big lie: that it can succeed in the “free market.”
Daily stimulus and recovery news headlines from August 31, 2020.
Daily stimulus and recovery news headlines from August 27, 2020.
Daily stimulus and recovery news headlines from August 26, 2020.
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.
Daily stimulus and recovery news headlines from August 26, 2020.
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.
Weekly news headlines about the stimulus and recovery from June 25, 2021.
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.
Daily stimulus and recovery news headlines from August 24, 2020.
Let’s stop propping up the coal industry with small-business loans and subsidies.
Daily stimulus and recovery news headlines from August 20, 2020.
Daily stimulus and recovery news headlines from August 19, 2020.
Daily stimulus and recovery news headlines from August 18, 2020.
Daily stimulus and recovery news headlines from August 17, 2020.
Daily stimulus and recovery news headlines from August 14, 2020.
Daily stimulus and recovery news headlines from August 13, 2020.
Daily stimulus and recovery news headlines from August 12, 2020.
The Fed more than doubled its holdings of fossil fuel bonds last month, adding Trump-linked Noble Energy — a company Chevron is about to swallow
Daily stimulus and recovery news headlines from August 11, 2020.
Daily stimulus and recovery news headlines from August 10, 2020.
The Fed’s Main Street Lending Program was designed to help healthy, mid-sized companies survive the pandemic. Then it was revised to include more oil and gas companies. A Congressional watchdog panel asked a Federal Reserve official and others who’s really calling the shots.
Daily stimulus and recovery news headlines from August 7, 2020.
Daily news headines about the stimulus and recovery from August 6, 2020.
Daily news headlines about the stimulus and recovery from August 5, 2020.
Daily news headlines about the stimulus and recovery from August 4, 2020.
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.
Daily news headlines about the stimulus and recovery from August 3, 2020.
The Fed’s willingness to throw a lifeline to oil and gas companies, through its lending programs, exacerbates a risk to financial stability—climate change.
By treating fossil fuels like any other part of the economy, despite their weak financial performance and environmental devastation, the Fed is abandoning its obligation to stabilize the financial system and safeguard government resources, according to a broad group of nonprofit and private-sector leaders.
Daily news headlines about the stimulus and recovery from July 31, 2020.
Daily news headlines about the stimulus and recovery from July 39, 2020.
Daily news headlines about the stimulus and recovery from July 29, 2020.
The oil and gas industry is in trouble. And investors are going to lose billions if not trillions in the process.
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.
Stranded assets have always been a ticking time bomb for the fossil fuel industry. Now, due to the coronavirus pandemic, the huge bill to abandon oilfields is coming decades early.