During the last election cycle, big oil spent a remarkable $445 million on political donations, lobbying, and advertising to sway Donald Trump and Congress, as reported by the advocacy group Climate Power. This amount likely underestimates the actual influence due to undisclosed donations through dark-money organizations. The spending included $96 million for Trump's re-election campaign and $243 million in lobbying Congress. Major donors included billionaire magnates from the oil industry, aiming to promote policies beneficial to fossil fuel companies, amidst substantial advertising campaigns against electric vehicle initiatives.
Big oil's $445 million expenditure in the last election cycle to sway Trump and Congress highlights the immense influence of fossil fuel interests on U.S. politics.
Fossil fuel interests heavily funded Trump, contributing $96 million to his re-election campaign and lobbying Congress with an additional $243 million on policy matters.
The report underscores the significant impact of fossil fuel lobbying and advertising, with $80 million spent on campaigns promoting fossil fuel interests amidst advocacy for electric vehicle policies.
Campaign finance disclosures indicate that the real influence of oil funding might be closer to a staggering sum due to undisclosed donations through dark-money groups.
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