Research

The COVID-19 crisis poses a threat to people's health, their jobs and their lives, and like all crises, exacerbates already existing inequalities. Trillions in public finance will be needed to get through the current pandemic. This briefing outlines why continuing to rely on fossil fuels, in particular oil and gas, is not compatible with long-term recovery. It does not make sense to use the COVID-19 stimulus packages to try to revive a sunsetting industry which will not deliver on economic recovery, only to shut it down a few years later to meet climate goals.

A new report by Oil Change International, Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama, demonstrates the huge and growing amount of subsidies going to the fossil fuel industry in the U.S. every year. In 2013, the U.S. federal and state governments gave away $21.6 billion in subsidies for oil, gas, and coal exploration and production.

A new report by Oil Change International and the Sierra Club, Polluting Our Democracy and Our Environment: Dirty Fuels Money in Politics, demonstrates the enormous amount of campaign finance contributions pouring into Congress by the fossil fuel industry, a problem that is only getting worse. With the 2010 Supreme Court decision in Citizens United v. FEC, super-wealthy donors can now funnel unlimited amounts of outside money into political campaigns and elections. As a result of this ruling, outside spending increased by an enormous11,761 percentbetween the 2008 and 2012 elections.