Friday, January 24, 2025

The Guardian: Big oil spent $445m in last election cycle to influence Trump and Congress, report says

"Big oil spent a stunning $445m throughout the last election cycle to influence Donald Trump and Congress, a new analysis has found.

That figure includes funding from January 2023 and November 2024 for political donations, lobbying and advertising to support elected officials and specific policies. Because it does not include money funneled through dark-money groups – which do not have to reveal their donors – it is almost certainly a vast understatement, says the report from green advocacy group Climate Power, which is based on campaign finance disclosures and advertising industry data.

Fossil fuel interests poured $96m into Donald Trump’s re-election campaign and affiliated political action committees, the report found. Much of that was covered by megadonor oil billionaires, such as the fracking magnate Harold Hamm, the pipeline mogul Kelcy Warren and the drilling tycoon Jeffery Hildebrand.

Additional contributions came from lesser-known oil and gas interests, including fossil fuel-trading hedge funds, mining corporations and the producers of offshore-drilling ships and fuel tanks."
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