Dems Say Big Oil Execs Failing to Come Clean on Trump's $1 Billion Quid Pro Quo Offer
"The behavior of Donald Trump and the oil and gas industry has added to evidence of possible misconduct," said three U.S. lawmakers.
A trio of senior congressional Democrats on Tuesday admonished fossil fuel executives to comply with a request for "information regarding quid pro quo solicitations" from former U.S. President Donald Trump, who earlier this year promised to gut climate regulations if they donated $1 billion to his Republican presidential campaign.
In May, Trump reportedly told Big Oil executives at his Mar-a-Lago resort in Palm Beach, Florida that he would sign executive orders and take other action to boost the fossil fuel industry if they raised nine figures for his campaign. Executives from ExxonMobil, Chevron, Occidental Petroleum, and other corporations reportedly attended the dinner.
A May analysis by the green group Friends of the Earth Action found that the fossil fuel industry would reap an estimated $110 billion windfall from tax breaks alone under Trump's proposed policies—an 11,000% return on Big Oil's billion-dollar investment.
Following the revelation of Trump's quid pro quo offer, House Oversight and Accountability Ranking Member Jamie Raskin (D-Md.), Senate Budget Committee Chair Sheldon Whitehouse (D-R.I.), and Senate Finance Committee Chair Ron Wyden (D-Ore.) wrote to the head of the American Petroleum Institute—the leading Big Oil lobby—and the CEOs of eight companies seeking answers about whether they accepted what Raskin called "Trump's explicit corrupt bargain."
Nearly four months later, the lawmakers are still awaiting satisfactory answers.
"Not only was your response to our inquiries insufficient; tellingly, none of the responses we have received to date refute the accuracy of the reporting, renewing our concern that Donald Trump is actively seeking to sell out American energy policy to the highest bidder," the trio wrote on Tuesday.
"In the weeks since our initial letters, the behavior of Donald Trump and the oil and gas industry has added to evidence of possible misconduct," the lawmakers continued. "Campaign finance records show that following Trump's quid pro quo solicitation at least one company made a significant contribution in support of Trump's presidential run."
"Specifically, on April 29, 2024, Continental Resources Inc. contributed $1 million to Make America Great Again, Inc.—a super PAC dedicated to Trump's reelection," they added. "Continental's CEO, Harold Hamm, who is also an informal adviser to Trump, has reportedly given $1.6 million to aid Trump's reelection so far this year, and he has raised millions more from independent oil producers operating in Texas and Alaska."
According to a Washington Postarticle published last month, Hamm's top priorities are "opening up more federal lands to drilling, easing the Endangered Species Act, and curbing numerous regulations at the Environmental Protection Agency."
During his first White House term, Trump rolled back regulations protecting the climate, environment, and biodiversity, resulting in increased pollution and premature deaths and fueling catastrophic planetary heating.
In addition to sounding the alarm over Trump's climate-wrecking policies, campaigners have expressed concerns about the GOP nominee's selection of Sen. JD Vance of Ohio as his running mate. Like Trump, Vance is a climate denier. He also has strong ties to the fossil fuel industry, his top donor.
