Big Oil Spent $445 Million to Back Trump and GOP in 2024 Election Cycle

Fossil fuel industry investments in lobbying, campaign donations, and advertising are already influencing U.S. energy policy under Trump’s second term.

• A report by Climate Power reveals that Big Oil spent $445 million during the 2024 election cycle, including $96 million in direct donations to Donald Trump’s re-election campaign.
• The fossil fuel industry also allocated $243 million to lobbying Congress and $80 million to pro-industry advertising, with additional funds supporting down-ballot Republican candidates.
• Trump has already enacted numerous pro-oil policies, including rolling back environmental regulations, approving new drilling permits, and declaring a 'national energy emergency.'
• Key cabinet appointments, such as Chris Wright at the Department of Energy and Lee Zeldin at the EPA, signal close ties between the administration and the fossil fuel sector.
• The report emphasizes the potential long-term impact of these investments, including increased profits for Big Oil and setbacks for clean energy initiatives.

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