Harold Hamm, a billionaire oil tycoon, is rallying the energy sector to back Donald Trump’s presidential campaign with significant financial contributions.
Harold Hamm is leveraging his influence in the oil industry to raise $1 billion for Trump’s 2024 campaign, arguing it’s critical to the industry's future.
The oil and gas sector has already donated over $20 million to Trump’s campaign and related super PACs.
Hamm has specific policy demands for a second Trump term, including more federal land drilling and reduced environmental regulations.
Key quote:
“We’ve got to do this because it’s the most important election in our lifetime.”
— Harold Hamm, CEO of Continental Resources.
Why this matters:
Harold Hamm’s efforts could shift policy significantly, favoring the oil industry at the expense of environmental protections. His fundraising influence may also shape Trump’s political agenda if elected.
Water itself now poses a risk to the already failing financial model of the American fracking industry, and that is something the industry won't be able to ignore.
