Overview

• 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.