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.
Fossil fuel lending, including from central banks, can be redirected towards clean energy, and public finance and ownership can bankroll the infrastructure for delivering a clean energy transition and growing jobs.
Climate change poses a systemic threat to the stability and competitiveness of U.S. financial markets, and financial regulators have the responsibility and the authority to better protect against that threat.
Even if the entire relief program were to go to fossil fuels, it wouldn't fix the sector’s fundamental economic problems.
Since the start of the Trump administration, the calendars of top officials at the U.S. Department of the Interior have been filled with meetings involving energy and mining firms and corporate trade groups. Now, these well-connected industries are seeking bailouts and special favors.
In its first report, the Congressional Oversight Commission publicizes a list of questions it has posed to Treasury and the Federal Reserve about their handling of the $500 billion set aside to support companies and state and local governments.
The Fed’s bond-buying could include 90 fossil fuel issuers and many more utilities, based on an analysis of credit ratings and eligibility requirements.
The oil, gas, and plastics industries are exploiting the current economic and public health crisis by aggressively lobbying for massive bailouts and special privileges in an attempt to revive an oil and gas industry already in decline.
Fossil fuel companies are eligible to receive billions of the new stimulus spending authorized by Congress in April.
Influence Map outlines evidence showing how corporations are lobbying for climate deregulation and financial interventions by governments that are either specifically advantageous for fossil fuel production and/or contrary to science-based advice from the IPCC on climate.
