Trump rolled back regulations for oil company campaign donors, Democrats say
The report says the industry spent $201 million backing Trump and allied Republicans and could receive $190 billion in tax breaks and subsidies.
- On Thursday, Senate Democrats Chuck Schumer and Sheldon Whitehouse released a report alleging oil and gas companies received tax breaks, subsidies, and environmental regulation rollbacks after then-candidate Donald Trump asked them for $1 billion in donations during the 2024 campaign.
- During a Mar-a-Lago fundraiser in 2024, Trump promised fossil fuel executives he would 'do anything and everything they wanted, for the right price,' prompting fossil fuel interests to contribute an estimated $201 million in direct campaign support and $19 million for the inaugural fund, Whitehouse said.
- The report names major fossil fuel donors including oil and banking heir Timothy Mellon and Energy Transfer executive chair Kelcy Warren , while Trump installed at least a dozen former oil executives at the EPA and departments of Energy, Interior, and Justice, including Energy Secretary Chris Wright.
- Independent analysts estimate fossil fuel companies could receive approximately $190 billion in tax breaks and subsidies over the next decade, while the EPA this month announced rules to repeal former President Joe Biden's carbon emission limits on coal and gas-fired power plants.
- Working families face annual health costs of about $820 billion from fossil fuel air pollution, including approximately 91,000 premature deaths and 216,000 new childhood asthma cases yearly, with Democratic Leader Schumer stating, 'Big Oil gets the profits, and American families get the bill.
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Trump rolled back regulations for oil company campaign donors, Democrats say
Two top Democrats in the US Senate launched a report on Thursday saying that oil and gas companies were rewarded with tax breaks, subsidies and rollbacks of environmental regulation after then-candidate Donald Trump asked them for $1 billion in donations during the 2024 campaign.
'The Billion Dollar Deal': Senate Democrats Detail How Trump Serves Fossil Fuel Industry
Senate Democrats' report, "The Billion Dollar Deal: How the Fossil Fuel Industry Bought the Trump Administration, Cashed In, and Left Americans to Pay the Price," exposes the corrupt relationship between the president and Big Oil.
Two of the U.S. Senate's main democrats released this Thursday a report according to which oil and gas companies benefited from tax incentives, subsidies and the relaxation of environmental regulations after Donald Trump, then presidential candidate, asked the sector for $1 billion in donations during the 2024 campaign. The report of Senators Chuck Schumer, Democratic Leader, and Sheldon Whitehouse, the main democrat in the environmental committ…
Senate Report Details Fossil Fuel Industry’s Billions in Benefits Under Trump Administration - CleanTechnica
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles. Washington, DC — A new report released today by Senate Democrats on ...
"Working families bear the costs, while large oil companies reap the benefits," the report points out. Two top Democrats in the U.S. Senate released a report Thursday showing that oil and gas companies have been rewarded with tax exemptions, subsidies and reductions in environmental regulations after the then candidate Donald [...]
Two top Democrats in the US Senate released a report today that found oil and gas companies were rewarded with tax breaks, subsidies and the lifting of environmental regulations after then-presidential candidate Donald Trump solicited $1 billion in donations from them during the 2024 election campaign. The report, …
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