Reports
Reports from other organizations on fossil fuel industry bailouts and related topics. Opinions expressed in these publications are those of the authors and BailoutWatch has not independently confirmed their findings.
![Matthew Kotchen Yale professor](https://images.prismic.io/bailout/5a4a066d-d376-457f-a028-d009071fad39_kotchen.jpeg?auto=compress,format&rect=0,276,1594,897&w=1200&h=675)
Yale: The producer benefits of implicit fossil fuel subsidies in the United States
A new paper published by the National Academy of Sciences finds that fossil fuels experience a direct benefit of $62 billion per year from indirect fossil fuel subsidies in the United States.
![Rainforest Action Network Banking on Climate Chaos](https://images.prismic.io/bailout/1ad6f93b-3ce4-4122-8541-2a6886fc932c_ran+.jpeg?auto=compress,format&rect=0,0,1280,720&w=1200&h=675)
Rainforest Action Network: Banking on Climate Chaos 2021
In the five years since adoption of the Paris Agreement, 60 big banks have financed fossil fuels to the tune of $3.8 trillion.
![PERI building University of Massachusetts Amherst](https://images.prismic.io/bailout/287b04c7-f989-47a7-bcc2-0cef7f076a9e_PERI.png?auto=compress,format&rect=0,83,368,207&w=1200&h=675)
PERI: Employment Impacts of Proposed U.S. Economic Stimulus Programs
Researchers find that implementing the THRIVE agenda would create more than 15 million jobs per year.
![Commercial bank support of coal industry from 2016 to 2019](https://images.prismic.io/bailout/ef7c0a63-b25c-4214-a5e3-66a30b0e0ed4_urgewald+coal.jpg?auto=compress,format&rect=0,0,347,195&w=1200&h=675)
Urgewald: Financial Backers of Global Coal
A groundbreaking report finds that U.S. investors account for 58% of institutional investments in the global coal industry.
![Indigenous activist COP carbon offsets article 6 UNFCCC](https://images.prismic.io/bailout/08c7321b-44f6-45e5-955b-4902f44d81fc_Friends-of-the-earth-international-carbon-unicorns-english+%28dragged%29.jpg?auto=compress,format&rect=0,0,2246,1263&w=1200&h=675)
Friends of the Earth: Chasing Carbon Unicorns
This report argues that the current definition of net zero creates environmental and social problems through carbon offset markets, and that a shift to "real zero" targets is needed.
![fossil fuel power plant](https://images.prismic.io/bailout/d49467fa-ea8a-46f2-b9cb-e0aca4cdc11d_brookings+fossil+fuel+power+plant.jpg?auto=compress,format&rect=0,8,1000,563&w=1200&h=675)
Brookings: How Biden and Congress can use COVID-related corporate stimulus to boost climate resilience
Brookings arges that the U.S. should use pandemic recovery funds to incentivize corporations to better confront their own climate risk exposure.
![Evergreen Collaborative Stop Investing in Pollution](https://images.prismic.io/bailout/e61ebf8b-7d67-4283-877c-9ad04ba1cb06_evergreen+pollution+report.png?auto=compress,format&rect=0,64,1500,844&w=1200&h=675)
Evergreen Collaborative: Stop Investing in Pollution
Evergreen policy experts lay out an agenda for President Biden to fulfill his campaign pledge of ending fossil fuel subsidies.
![Haynes and Boone energy sector cartoon](https://images.prismic.io/bailout/f792aad0-5c20-44e5-921b-293a692f7ffc_2020_05_New_Lictenstein_Energy_1000x370.jpg?auto=compress,format&rect=171,0,658,370&w=1200&h=675)
Haynes & Boone: Oil Patch Bankruptcy Monitor
While only three additional bankruptcies were filed in October, there have now been more than 500 bankruptcies filed in the North American oil and gas industry since 2015.
![Five years lost Paris Agreement climate finance](https://images.prismic.io/bailout/993c6bcb-be41-4aa2-a067-b42695041d7e_FiveYearsLostReport-Cover_0.png?auto=compress,format&rect=0,507,1190,669&w=1200&h=675)
Urgewald: Five Years Lost
On the fifth anniversary of the Paris Agreement, a new report details twelve new fossil fuel projects that would use a significant portion of the remaining carbon budget.