President Biden and lawmakers should focus on protecting consumers, supporting our allies with clean renewables, and preventing the runaway profiteering of Big Oil and Wall Street.
A handful of Big Oil companies drilling overseas have benefited massively from carve-outs they won in the GOP’s 2017 tax bill
Report from Bailout Watch, Friends of the Earth and Public Citizen: How the US government provided a safety net for the flagging fossil fuel industry
As the US continues to lead the world in COVID-19 infections and deaths, Big Oil is looking to cash in on the policy response to the crisis. While frontline workers make due without hazard pay or protective gear, the domestic oil and gas industry is using its considerable lobbying muscle to secure a massive windfall at the expense of workers, taxpayers and the climate. Big Oil is not letting the coronavirus go to waste.
Corporate polluters are asking for “royalty relief,” essentially a bailout that would lower or eliminate payments to taxpayers.
The financial instability of the fracking industry existed long before the coronavirus. At a time of unprecedented emergency, polluters are now poised to benefit from bailout funding in the Coronavirus Aid, Relief, and Economic Security (CARES) Act
On behalf of our millions of members and activists nationwide, we write to you with deep concerns about the proposed stimulus package. According to the Trump administration, support for the oil and gas industry could become part of the federal response to the coronavirus.