Congressional Oversight Commission: Third Report
In its third report, the Commission describes recent key actions the Treasury and the Federal Reserve have taken under the CARES Act.
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.
InfluenceMap: Is the Fed Being Sector Neutral?
The Fed's recent corporate debt purchases show that it is highly overweight on the energy industry.
Campaign Legal Center: Politically Connected Oil Companies Receiving Pandemic Relief
Hundreds of the oil companies drilling on public lands that have received financial relief from the Interior Department are owned by political megadonors or have close ties to senior Interior officials' former clients.
InfluenceMap: Fossil Fuel Lobbyists are Dominating Climate Policy Battles During COVID-19
Fossil fuels’ bailout demands have dominated policy battles stemming from COVID-19.
Public Citizen: COVID Lobbying Palooza
In this report, Public Citizen tracks lobbyists during the COVID-19 pandemic that are connected to the Trump administration, and calls for immediate disclosure on COVID-related federal spending.
Pandemic Response Accountability Committee: 2020-2025 Strategic Plan
Over the next five years, the PRAC plans to serve the American public by promoting transparency and the coordinated oversight of the Federal Government’s coronavirus response to prevent and detect fraud, waste, abuse, and mismanagement.
Poll: Strong voter preference for stimulus for clean energy, not fossil fuels
A new poll by Climate Nexus, the Yale Program on Climate Change Communication, and the George Mason University Center for Climate Change Communication finds voters would much prefer that lawmakers devote coronavirus relief efforts toward reducing greenhouse gas emissions and expanding clean energy, rather than providing aid to the fossil fuel industry.
GAO: Opportunities to Improve Federal Response and Recovery Efforts on COVID-19
The congressional watchdog recommends that the SBA do more to ensure the Paycheck Protection Program's integrity and effectiveness, and address potential fraud.
InfluenceMap: Necessary Intervention or Excessive Risk?
Fossil fuels are the weakest part of the economy. The Fed’s early bailouts support them anyway.
Carbon Tracker: It's Closing Time
Stranded assets have always been a ticking time bomb for the fossil fuel industry. Now, due to the coronavirus pandemic, the huge bill to abandon oilfields is coming decades early.