Report

Center for International Environmental Law: Report on Exploitation of COVID-19 Crisis by Fossil Fuel & Petrochemical Industries

Pandemic Crisis, Systemic Decline: Why Exploiting the COVID-19 Crisis Will Not Save the Oil, Gas, and Plastic Industries

A report from the Center for International Environmental Law shows how oil, gas, and plastic industries are exploiting the crisis by aggressively lobbying for massive bailouts and special privileges in an attempt to revive an oil and gas industry already in decline.

In April of 2020, the Center for Environmental Law published its report on the exploitation of COVID-19 crisis by fossil fuel & petrochemical Industries.

(ciel.org) Amidst a global pandemic caused by the novel coronavirus, the oil, gas, and plastic industries are exploiting the crisis by aggressively lobbying for massive bailouts and special privileges in a desperate attempt to revive an oil and gas industry already in decline.

Pandemic Crisis, Systemic Decline: Why Exploiting the COVID-19 Crisis Will Not Save the Oil, Gas, and Plastic Industries documents how long-term systemic declines in the oil and gas industry had been accumulating long before the coronavirus pandemic emerged. Compounded by the impacts of the pandemic and related economic crisis, the industry’s collapse has accelerated, with leading companies losing an average of 45% of their value since the start of 2020.