A new analysis from Bailoutwatch concludes that “fossil fuel companies participated in the government’s Paycheck Protection Program to bail out small businesses at far higher rates than companies in other key sectors”.
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COVID-19 Just Recovery: Instead of breaking the “climate-finance doom loop,” governments pour billions into fossil fuels
We have leading experts warning that trillions could be at stake as the fossil fuel industry suffers a terminal and structural decline, but all governments do is pour billions more away on fossil fuels in COVID-19 recovery plans. It is nonsensical. There should be no Big Oil & Gas bailout.
Trump’s Earth Day gift to Big Oil: We will buy your near worthless product
There is no doubt we are at a historical moment with the industry in deep structural and financial trouble and where a post-COVID-19 recovery could see a radical shift away from oil and into a just transition into renewables. But will that happen?
A resilient recovery means a managed decline of oil and gas production — here’s how we get there
This week the seemingly impossible happened: U.S. oil futures prices went negative for the first time in history. What happens next is up to us.