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.
Congressional Oversight Commission: Sixth Report
In its sixth report, the Commission provides updates on government lending programs, and asks for more disclosure transparency from the Fed.
Evergreen Collaborative: Preventing a Climate Crash
The next president can use five tools to rein in climate risk to our financial system and prevent the next economic crash.
Fueling the Fire: Why Any Fossil Fuel Industry Bailout Will Be Disastrous for Communities of Color
A new report from Partnership for Working Families, Action Center on Race & the Economy, and the Public Accountability Initiative finds that U.S. federal economic recovery programs provided inadequate support to low-income, immigrant, & BIPOC communities most harmed by the fossil fuel industry, but gave the industry $110 billion in stimulus.
GAO: Actions Needed to Improve BLM’s Royalty Relief Policy
The Congressional watchdog finds that Bureau of Land Management oil and gas royalty relief may have gone to companies that would not have shut down their wells without the aid.
Carbon Tracker: Billion Dollar Orphans
Plugging the 2.6 million documented onshore oil and gas wells in the U.S. will cost $280 billion. Without intervention, state governments are at high risk of taking on this orphaned well liability.
Big Oil’s $100 Billion Bender: How The U.S. Government Provided a Safety Net for the Flagging Fossil Fuel Industry
A tally by Friends of the Earth, Public Citizen, and BailoutWatch has identified nearly $100 billion in bonds sold by oil and gas companies since the Federal Reserve launched its unprecedented bailouts last March.
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.
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.
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.