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The United States has supported the development of its oil and gas industry since the early twentieth century. Despite repeated pledges to phase out 'inefficient' fossil fuel subsidies, US oil and gas production continues to be subsidized by billions of dollars each year. In this study, we quantify how 16 subsidies and regulatory exemptions individually and altogether affect the economics of US oil and gas production in 2020–2030 under different price and financial risk outlooks.

Harvard has the largest university endowment in the world.  Its investments are run by the affiliated Harvard Management Company (HMC), which operates under the Treasurer of the University and the Harvard Corporation.  The University has committed that the endowment will be net zero greenhouse gas emissions by 2050.  The stature of both the University and its endowment mean that real innovations in investment tracking, measurement, and selection would have enormous ripple effects across many other large investors.  At present, however, there have been no interim milestones publicly announce

The support that governments provide to their industrial producers has been a growing source of concern. Much of that support is provided by governments through the financial system, either in the form of below‑market borrowings or below-market equity. To better understand the nature and scale of this support, this report uses publicly available information for 306 of the largest manufacturing firms in 13 industrial sectors, covering the period 2005-19.

This analysis looks at the last two decades of investment data for US oil and gas fields to evaluate how major federal subsidies may have played a role in the huge boom in US oil and gas production. It finds that federal subsidies amplified the expected financial returns of investing in unconventional oil and gas development, thereby helping to spur and sustain the US shale boom over the last two decades.

Harvard Management Company (HMC), which manages Harvard University’s nearly $42 billion endowment, released its first Climate Report in February 2021.  As the largest university endowment in the world, decisions Harvard makes to tangibly and materially reduce the climate impact of its investments will garner significant attention around the world and provide space for many other institutions to make similar moves.  Further, the school has the scale and the stature to coordinate with other institutional investors and accelerate the pace of financial innovation across asset classes t

When it comes to tackling the climate crisis, ending $400 billion of annual subsidies to the fossil-fuel industry worldwide seems like a no-brainer. For the past decade, world leaders have been resolving and reaffirming the need to phase them out.

In an effort to response to the widespread health and economic issues associated with the coronavirus pandemic, Congress has been working on legislative responses.  This is the second major stimulus bill, an initiative led by Senate Majority Leader Mitch McConnell.  The bill provides roughly $1 trillion in economic stimulus; more once tax impacts are included.

The attached document contains comments on particular provisions, as input to the process of improving the targeting and efficiency of the bill.

Export credit agencies are little-known government-backed financial institutions that provide loans, guarantees, and insurance with the aim of supporting exports of goods or services from their country to outside markets. This report from Oil Change International and Friends of the Earth U.S. shows that since the Paris Agreement was made, G20 countries have used their export credit agencies to provide nearly 12 times more finance to fossil fuels than to clean energy.