Rainforest Action Network: Banking on Climate
Four big U.S. banks - JPMorgan Chase, Wells Fargo, Citi and Bank of America - account for nearly a third of fossil fuel financing from global banks since the Paris Agreement was adopted four years ago.
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.
IMF: Global Fossil Fuel Subsidies
A 2019 IMF report finds that globally, fossil fuels are subsidized at six percent of the world's GDP, and that the U.S. is the second largest subsidizer.
Oil Change International: Dirty Energy Dominance
Fossil fuels are subsidized by the U.S. federal and state governments, and removing these highly inefficient subsidies should be the first priority of fiscally responsible climate, energy, and tax reform policies.