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.
Sierra Club: The Failure of Fossil Fuels: Learning from Winter Storm Uri
For almost a week in February 2021, Winter Storm Uri slammed North America, leaving almost 10 million Americans without power. Millions of Americans will be paying higher gas bills for decades to come due to the gas system’s failures during this period.
Private Equity Propels the Climate Crisis
The private equity industry has pumped hundreds of billions of dollars into fossil fuel companies — offshore drilling in the Gulf of Mexico, fracking operations, pipeline infrastructure and coal power plants — with minimal public scrutiny. Private equity investments in oil and gas are by definition exempt from most public disclosure rules.
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 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: 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.
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.
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.
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
Evergreen policy experts lay out an agenda for President Biden to fulfill his campaign pledge of ending fossil fuel subsidies.