Fossil fuel industry ramps up political spending as investigations stall

Fossil fuel companies poured nearly $100 million into Donald Trump’s 2024 re-election campaign while lobbying against climate regulations, prompting concerns about industry influence and stalled congressional investigations.

Dharna Noor reports for The Guardian.

In short:

Fossil fuel groups contributed a record $96 million to Trump and affiliated PACs in 2023-2024 and spent $243 million lobbying Congress.
Republican control of Congress halted an investigation into oil companies’ history of climate disinformation, which had uncovered internal documents acknowledging industry efforts to mislead the public.
Trump’s administration has appointed multiple officials with deep ties to the fossil fuel sector while rolling back environmental regulations.

Key quote:

"The fossil fuel industry is running perhaps the biggest campaign of disinformation and political interference in American history and they’re backing it up with immense amounts of political spending."

— Sheldon Whitehouse, U.S. Democratic senator from Rhode Island

Why this matters:

Fossil fuel companies have long influenced American politics, but their record-breaking spending in the 2024 election underscores their role in shaping climate policy. With Republicans in control of Congress, oversight of industry lobbying and disinformation campaigns is unlikely. Meanwhile, Trump’s pro-oil agenda threatens environmental regulations and climate action. As lawsuits against oil giants progress, state-level investigations may become the last avenue for uncovering the industry's internal strategies.

Learn more: US oil and gas sector pours big money into GOP politics

www.theguardian.com

China renewable energy, wind and solar energy concept. Chinese flag superimposed with wind turbines and solar panels

Credit: Anton_Medvedev/BigStock Photo ID: 431444246

China has been preparing for a global energy crisis for years. It is paying off now

As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar.

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