News Roundups
Republican stimulus packages, calls for Green Recovery, and more
Daily news headlines about the stimulus and recovery from July 28, 2020.
The Latest
All of the most recent updates on fossil fuel industry bailouts.
News Roundups
U.S. shale production may take years to recover, bill introduced to strip fossil fuel funding, and more
Daily news headlines about the stimulus and recovery from July 27, 2020.
News Roundups
Bankruptcies, PPP running out, and more
Daily news headlines about the stimulus and recovery from July 23, 2020.
Analysis
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 Roundups
Republicans divided over next stimulus, PPP saved jobs, and more
Daily news headlines about the stimulus and recovery from July 22, 2020.
News Roundups
Fossil fuels in crisis, new stimulus package debate, and more
Daily news headlines about the stimulus and recovery from July 22, 2020.
News Roundups
Limited use of Fed programs, pipeline shutdowns, and more
Daily news headlines about the stimulus and recovery from July 21, 2020.
Data
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.
Analysis
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.
News Roundups
MSLP begins, special interests want a piece of the bailout, and more
Daily news headlines about the stimulus and recovery from July 20, 2020.
Report
Congressional Oversight Commission: Third Report
In its third report, the Commission describes recent key actions the Treasury and the Federal Reserve have taken under the CARES Act.
News Roundups
Fed bought $12 million in one day, banks lose billions in fossil fuel loans, and more
Daily news headlines about the stimulus and recovery from July 17, 2020.
Report
InfluenceMap: Is the Fed Being Sector Neutral?
The Fed's recent corporate debt purchases show that it is highly overweight on the energy industry.
News Roundups
Fed’s corporate intervention spurs anxiety, fossil fuels have upper hand in G20 coronavirus stimulus plans, and more
Daily news headlines about the stimulus and recovery from July 16, 2020.
News Roundups
PPP data errors raise questions, Dunford bows out of search for virus chair, and more
Daily news headlines about the stimulus and recovery from July 15, 2020.
News Roundups
Democrats to grill Brouillette on climate, Wall Street reaps bonanza on Fed support for corporate debt, and more
Daily news headlines about the stimulus and recovery from July 14, 2020.
Report
Campaign Legal Center: Politically Connected Oil Companies Receiving Pandemic Relief
Hundreds of the oil companies drilling on public lands that have received financial relief from the Interior Department are owned by political megadonors or have close ties to senior Interior officials' former clients.
News Roundups
Oil demand recovery threatened as virus cases surge, UN chief says coal has no place in COVID-19 recovery, and more
Daily news headlines about the stimulus and recovery from July 13, 2020.
News Roundups
The world after COVID, oil and gas bankruptcies, and more
Daily news headlines about the stimulus and recovery from July 10, 2020.
Data
Paycheck Protection Program Loan Recipients
Explore this searchable list of fossil fuel companies that received a loan under the Paycheck Protection Program, managed by the Small Business Administration, as of July 6th, 2020.
News Roundups
Airlines find bailout loophole, big banks aren't embracing Fed program, and other news
Daily news headlines about the stimulus and recovery from July 9, 2020.
Analysis
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.
Report
InfluenceMap: Fossil Fuel Lobbyists are Dominating Climate Policy Battles During COVID-19
Fossil fuels’ bailout demands have dominated policy battles stemming from COVID-19.
News Roundups
Trump companies received PPP loans, Fed worries about plateauing growth, and other news
Daily news headlines about the stimulus and recovery from July 8, 2020.
News Roundups
Fossil fuel companies take at least $3bn in U.S. COVID-19 aid, House funding bill would boost clean energy, and other news from around the web
Daily news headlines about the stimulus and recovery from July 7, 2020.
Analysis
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.
News Roundups
Trump signs small business loan program extension, $2 trillion a year refining industry pain, and other news from around the web
Daily news headlines about the stimulus and recovery from July 6, 2020.
Guest Blog
Polluter bailouts are too risky for struggling taxpayers
A review of fossil fuel companies' credit scores shows that taxpayers could lose big if failing companies benefit from Federal Reserve rescue programs.
News Roundups
Fed's first bond buys include big oil, fracking pioneer files for bankruptcy, and other news from around the web
Daily news headlines about the stimulus and recovery from June 29, 2020.
News Roundups
Bailout oversight board to get a chair, Trump administration uses pandemic used to justify environmental rollbacks, and other news from around the web
Daily news headlines about the stimulus and recovery from June 26, 2020.
Report
Poll: Strong voter preference for stimulus for clean energy, not fossil fuels
A new poll by Climate Nexus, the Yale Program on Climate Change Communication, and the George Mason University Center for Climate Change Communication finds voters would much prefer that lawmakers devote coronavirus relief efforts toward reducing greenhouse gas emissions and expanding clean energy, rather than providing aid to the fossil fuel industry.
News Roundups
Fed bubble worries rise, mining lobby fights for tax breaks, and other news from around the web
Daily news headlines about the stimulus and recovery from June 25, 2020.
Report
GAO: Opportunities to Improve Federal Response and Recovery Efforts on COVID-19
The congressional watchdog recommends that the SBA do more to ensure the Paycheck Protection Program's integrity and effectiveness, and address potential fraud.
News Roundups
Polluters winning big in recovery efforts, Rep. Waters questions support for fossil fuels, and other news from around the web
Daily news headlines about the stimulus and recovery from June 24, 2020.
News Roundups
Fed bubble fears, fossil fuel companies still failing, and other news from around the web
Daily news headlines about the stimulus and recovery from June 23, 2020.
Report
InfluenceMap: Necessary Intervention or Excessive Risk?
Fossil fuels are the weakest part of the economy. The Fed’s early bailouts support them anyway.
News Roundups
Administration will name some bailed-out companies, a promotion for architect of energy rule rollbacks, and other news from around the web
Daily news headlines about the stimulus and recovery from June 22, 2020.
News Roundups
Chevron reps say green policies hurt minority communities, watchdogs fear Fed bailouts exclude small businesses, and other news from around the web
Daily news headlines about the stimulus and recovery from June 19, 2020.
News Roundups
Lack of bailout transparency worries overseers, fossil fuels dominate energy stimulus plans, and other news from around the web
Daily news headlines about the stimulus and recovery from June 18, 2020.
Report
Congressional Oversight Commission: Second Report
Congress’ oversight body reviews responses to its questions from Treasury and the Fed.
Report
The Transnational Institute: Change Finance, Not the Climate
Fossil fuel lending, including from central banks, can be redirected towards clean energy, and public finance and ownership can bankroll the infrastructure for delivering a clean energy transition and growing jobs.
Report
Ceres: Addressing Climate as a Systemic Risk
Climate change poses a systemic threat to the stability and competitiveness of U.S. financial markets, and financial regulators have the responsibility and the authority to better protect against that threat.
Report
Public Citizen: Fossil Filled
Since the start of the Trump administration, the calendars of top officials at the U.S. Department of the Interior have been filled with meetings involving energy and mining firms and corporate trade groups. Now, these well-connected industries are seeking bailouts and special favors.
Report
Congressional Oversight Commission: Questions about the CARES Act’s $500 billion emergency economic stabilization funds
In its first report, the Congressional Oversight Commission publicizes a list of questions it has posed to Treasury and the Federal Reserve about their handling of the $500 billion set aside to support companies and state and local governments.
Report
Rainforest Action Network: List of fossil fuel bond issuers the Fed could buy
The Fed’s bond-buying could include 90 fossil fuel issuers and many more utilities, based on an analysis of credit ratings and eligibility requirements.
Report
Friends of the Earth: The Big Oil Money Pit
Fossil fuel companies are eligible to receive billions of the new stimulus spending authorized by Congress in April.
Report
Congressional Research Service: Federal Reserve Emergency Lending
During the last financial crisis, the Federal Reserve extended credit to nonbank financial firms for the first time since the 1930s. What is similar and different about the Fed's role during current economic fallout from COVID-19?
Report
Rainforest Action Network: Banking on Climate Change 2020
Four big U.S. banks - JPMorgan Chase, Wells Fargo, Citi and Bank of America - account for nearly a third of fossil fuel financing from global banks since the Paris Agreement was adopted four years ago.