Big oil spent $445m in last election cycle to influence Trump and Congress, report says
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Investments ‘likely to pay dividends’, analysis says, as Trump unleashes dozens of pro-fossil fuel executive actions. 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. Fossil fuel companies and their trade groups spent another $243m lobbying Congress. Those donors stand to profit from priorities set by Senate-confirmed Trump cabinet appointees, such Chris Wright, the fracking CEO who was tapped to head the Department of Energy, and Lee Zeldin, the former New York representative who has accepted more than $400,000 in fossil fuel-tied campaign donations and who will lead the Environmental Protection Agency.
