Filed Under: Fossil Fuel Finances
News, analysis, and data about the bailout.
![Rainforest Action Network Banking on Climate Chaos](https://images.prismic.io/bailout/1ad6f93b-3ce4-4122-8541-2a6886fc932c_ran+.jpeg?auto=compress,format&rect=0,0,1280,720&w=1200&h=675)
Report
Rainforest Action Network: Banking on Climate Chaos 2021
In the five years since adoption of the Paris Agreement, 60 big banks have financed fossil fuels to the tune of $3.8 trillion.
![power lines](https://images.prismic.io/bailout/98de9d1a-0f8c-477f-84e6-26a4c576649e_power+lines.jpeg?auto=compress,format&rect=0,62,1200,675&w=1200&h=675)
News Roundups
House extends PPP, Texas regulator ousted, and more
Weekly news headlines about the stimulus and recovery from March 19, 2021.
![Chevron gas station](https://images.prismic.io/bailout/d6c040e3-c679-4bc5-91f8-e82e22fb4c08_chevron+gas+station.jpg?auto=compress,format&rect=0,53,1000,563&w=1200&h=675)
News Roundups
Chevron revives Permian target, cleaning up abandoned wells, and more
Weekly news headlines about the stimulus and recovery.
![Commercial bank support of coal industry from 2016 to 2019](https://images.prismic.io/bailout/ef7c0a63-b25c-4214-a5e3-66a30b0e0ed4_urgewald+coal.jpg?auto=compress,format&rect=0,0,347,195&w=1200&h=675)
Report
Urgewald: Financial Backers of Global Coal
A groundbreaking report finds that U.S. investors account for 58% of institutional investments in the global coal industry.
![Offshore drilling oil rig](https://images.prismic.io/bailout/25bde083-77e9-4f9b-b446-166303616642_offshore+drilling.jpg?auto=compress,format&rect=0,60,1170,658&w=1200&h=675)
Analysis
Bailed-out, bankrupt oil firms pay millions in executive bonuses while laying off workers
Sen. Ted Cruz and other champions of fossil fuel bailouts said sending government funds to fossil fuels would protect workers. But the companies are giving executives bonuses, slashing jobs, and forcing investor losses in court.
![War (on coal) is over, if we want it.](https://images.prismic.io/bailout/666681cd-3443-4f52-abdd-b9c9cff898f1_coal+and+windDane+Rhys%3AREUTERS+.jpg?auto=compress,format&rect=0,37,700,394&w=1200&h=675)
News Roundups
COVID's drag on oil, pollution's death toll and more
Weekly news headlines about the stimulus and recovery.
![Exxon Mobil logo](https://images.prismic.io/bailout/ea2b01f4-7af5-46db-ab8a-96757c1da272_exxon+mobil.jpeg?auto=compress,format&rect=0,14,275,155&w=1200&h=675)
News Roundups
Oil companies endure brutal 2020, pandemic watchdog probles Mnuchin & Cruz, and more
Weekly news headlines about the stimulus and recovery.
![Federal Reserve Chair Jerome Powell](https://images.prismic.io/bailout/7d061f0e-6b79-42bd-8de9-83c985c22148_getty-powell.jpeg?auto=compress,format&rect=0,121,1300,731&w=1200&h=675)
News Roundups
Fed's rescue helped wealthy most, Trump's ANWR flop a win for climate, and more
Weekly news headlines about the stimulus and recovery from Jan 15, 2021.
![100 dollar bills](https://images.prismic.io/bailout/7cd2d435-ec49-44f2-a369-6e98432687c1_money-bills.jpg?auto=compress,format&rect=0,169,5472,3078&w=1200&h=675)
Report
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.