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.
Reports
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.
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.
House Natural Resources Committee: Dirty Deals
Committee staff detail the major damage done to the environment, economy, and energy supply of the United States during the four years of the Trump administration.
Ceres: Financing a Net-Zero Economy
In an October report, Ceres lays out how banks can discuss and mitigate their climate risk exposure.
Congressional Oversight Commission: Fifth Report
In its fifth report, the Commission discusses the Municipal Liquity Facility and recommends that the SMCCF stop making purchases.
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.
PSS: Are There Offsets to Pandemic Impacts?
During the pandemic, utilities could save customers millions or billions of dollars by refinancing some portion of their existing debt.
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.
GAO: COVID-19 Loans Lack Controls and Are Susceptible to Fraud
The GAO found that the speed with which SBA implemented their pandemic loan programs may have increased their susceptibility to fraud.