Warren bets big on Trump as energy moguls eye policy gains

Kelcy Warren, the billionaire behind Energy Transfer, has invested $5 million in Donald Trump’s 2024 presidential campaign, hoping for favorable energy policies if Trump wins.

Mike Soraghan reports for E&E News.

In short:

Warren’s energy firm, Energy Transfer, built the Dakota Access Pipeline despite protests and profited during the 2021 Texas blackout.
A second Trump administration could ease regulations on natural gas exports and pipeline projects, boosting Warren's business.
Warren’s $5 million contribution makes him a top donor from the oil and gas industry to Trump.

Key quote:

“We have bad billionaire players that are only funding other billionaires ... to allow the destruction of Mother Earth.”

— Doug Crow Ghost, water resources director, Standing Rock Sioux Tribe

Why this matters:

Warren's political donations could influence future energy policies that affect environmental regulations. Support for Trump aligns with oil and gas industry interests that face scrutiny under current climate policy goals.

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