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.
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.
During the pandemic, utilities could save customers millions or billions of dollars by refinancing some portion of their existing debt.
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.
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.
The GAO found that the speed with which SBA implemented their pandemic loan programs may have increased their susceptibility to fraud.
In its quarterly report to Congress, SIGPR reports the dollar amount of loans that have thus far been issued under pandemic recovery programs through the Fed and Treasury, and makes two administrative recommendations.
Subcommittee staff found that the beneficiaries of the Fed's bond purchases during the pandemic have mostly benefitted corporate executives and investors, instead of workers.
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.
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.
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.
