Donald Trump’s Fossil Fuel Executive UK Ambassador Donated $4 Million to President’s Inauguration Fund

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Original article by Adam Barnett and Sam Bright republished from DeSmog.

U.S. ambassador to the UK Warren Stephens. Credit: Arkansas Inc / YouTube

Warren Stephens made the donation alongside big tech firms and oil giants.

Donald Trump’s ambassador to the UK donated $4 million to the new U.S. president’s inauguration on the same day he was nominated for the diplomatic position, DeSmog can report.

Billionaire Warren Stephens gave $4 million (just under £3 million today) to the Trump Vance Inaugural Committee on 2 December, according to the official record of donations. The committee is appointed by the president-elect to arrange the inauguration ceremony, when a U.S. president is formally sworn into office.

“It’s not so surprising that a transactional president hands out favours to people who give him money, but that doesn’t make it any less outrageous,” said Agustina Oliveri, head of campaigns and communications at the Good Law Project.

There is no direct evidence that Warren secured the position due to this donation. However, U.S. presidents have a long history of handing out diplomatic roles to major donors, while the Trump administration has bestowed his patrons with a number of senior positions. Of the 37 people who gave $1 million or more to the inauguration committee, six have either been given a role in the administration or have been nominated for a role.

Tom Brake, a former Liberal Democrat MP and the director of the transparency campaign group Unlock Democracy, urged the UK government not to follow Trump’s lead.

“Whatever approach the U.S. administration adopts towards the appointment of its ambassadors, the UK government should make it clear that when it comes to appointing UK ambassadors or high commissioners, donating substantial sums of money directly or indirectly to the party of government will block an appointment not facilitate it,” he said. “There must never be a question mark over whether UK appointments are made on merit, or driven by a donor’s deep pockets.”

As DeSmog revealed on 5 December, Warren Stephens holds significant oil and gas interests. Prior to his appointment as Trump’s UK ambassador, he ran Stephens Inc. – one of the largest privately-owned investment banks in the United States. Stephens has since stood down as CEO, but remains its chairman.

The firm’s portfolio includes a number of companies that make their money from oil and gas exploration and production — including one, Stephens Natural Resources, which “has a rich history of drilling and producing both oil and natural gas”, according to its website.

The UK’s ambassador to the U.S. Peter Mandelson also co-founded a public affairs agency with major fossil fuel clients.

Trump’s inauguration committee – which raised almost $240 million – received donations from fossil fuel giants Chevron ($2 million), ExxonMobil ($1 million), the U.S. branches of BP and Shell ($500,000 each), and Valero ($250,000).

It also accepted donations from major tech platforms including Amazon and Meta, whose founders Jeff Bezos and Mark Zuckerberg received a front row seat to the event.

Mark Zuckerberg, Jeff Bezos, Elon Musk and others at Donald Trump’s 2025 inauguration. Credit: WSJ / YouTube

The inauguration committee received a further $1 million from the Heritage Foundation, a hard-right U.S. research and lobby group which drafted the “autocratic” Project 2025 blueprint for Trump’s second term.

Trump denied knowledge of Project 2025 during the election campaign but has subsequently appointed Russell Vought, one of its advisory board members and co-authors, as director of the Office for Management and Budget (OMB), a key department within the president’s office that helps to oversee and co-ordinate policy.

Project 2025 urged Trump to “dismantle the administrative state”, slash restrictions on fossil fuel extraction, scrap state investment in renewable energy, and gut the Environmental Protection Agency.

Since his inauguration on 20 January, Trump has announced a series of policies that have mirrored these demands.

The new president, who received more than $75 million from oil and gas interests for his re-election campaign, has pledged to once again withdraw the U.S. from the flagship 2015 Paris Agreement, which set an international target for limiting global warming. He has also declared a “national energy emergency” to allow the U.S. to “drill, baby, drill” for new fossil fuels.

“When we look at the dumpster fire of U.S. government policy – from trashing the planet to attacking basic human rights – there’s no point in asking ‘What are they up to?’. The question we need to focus on is ‘Who paid for that?,’” said Oliveri.

The U.S. embassy in London referred DeSmog’s enquiry to the U.S. State Department. The Heritage Foundation was approached for comment.

Original article by Adam Barnett and Sam Bright republished from DeSmog.

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Continue ReadingDonald Trump’s Fossil Fuel Executive UK Ambassador Donated $4 Million to President’s Inauguration Fund

Just 36 Companies Drove Half the World’s Climate-Altering Emissions in 2023: New Report

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Original article by Sharon Kelly republished from DeSmog.

Hurricane Harvey, downgraded to a tropical storm when it hit Vidor, Texas, flooded an Exxon gas station, Sept. 1, 2017. Credit: ©Julie Dermansky

Companies and states most responsible for climate change are also those working hardest to prevent climate action, new Carbon Majors report finds.

Half of the world’s carbon dioxide emissions in 2023 came from just three dozen companies, according to a new report released today by the Carbon Majors project, with the list dominated by coal, cement, and oil producers.

Saudi Arabia’s Saudi Aramco, the year’s worst offender, drove 4.4 percent of the world’s carbon dioxide pollution alone in 2023, the report found.

Five publicly-traded oil companies — ExxonMobil, Chevron, Shell, TotalEnergies, and BP — combined to produce an additional 4.9 percent of the year’s global carbon dioxide emissions from fossil fuels, the report adds.

The Carbon Majors database builds on the innovative work published by researcher Richard Heede of the Climate Accountability Institute (CAI) begun in 2013. For the first time, instead of attributing the build-up of industrial carbon dioxide and methane emissions to each of the world’s nations, Heede managed to trace those emissions to 90 specific “carbon major” companies. Last year, the nonprofit think tank InfluenceMap collaborated with CAI to produce major updates to the database — and today’s report marks the first annual update to that report, incorporating global data from 2023.

The year’s top carbon polluters were a mix of investor-owned and state-owned or national companies — but they have one thing in common.

“They’re some of the most obstructive actors towards climate policy,” Emmett Connaire, a senior analyst at the Carbon Majors project and one of the authors of the report, told DeSmog.

“I think it kind of kills the argument from industry that they’re not responsible for their CO2 emissions because we need fossil fuels to grow,” Connaire said, “when they’re the most obstructive and trying to keep up the demand for their products in the face of the overwhelming scientific opinion.” 

Eight of the nine public companies most responsible for carbon emissions in 2023 were “highly active or strategic” in their climate lobbying, the report notes. And their lobbying efforts took aim at regulating climate-altering pollution or sought to impede the energy transition.“ Of these 9 companies, 5 score a D or below, indicating unsupportive positions on climate policy,” the new report finds, citing data from InfluenceMap’s LobbyMap database, which grades companies based on their alignment with the Paris Agreement. “The remaining 4 score only slightly higher at C-.”

Top 10 investor-owned companies: LobbyMap engagement scores.
InfluenceMap gave climate policy lobbying scores to the top 10 investor-owned companies, all oil, gas, and coal firms. Credit: Carbon Majors 2025 report

None of the five top oil companies named in the report immediately responded to a request for comment from DeSmog.

Investor-owned companies aren’t the only ones actively fighting to prevent climate action, the Carbon Majors report notes.

“State-owned companies are even more oppositional to climate regulation globally according to LobbyMap research,” the report finds, listing Saudi Aramco, Russia’s Gazprom, Mexico’s Pemex, and China’s CHN Energy among the worst actors.

“The ‘Carbon Majors’ are keeping the world hooked on fossil fuels with no plans to slow production,” former United Nations climate chief and Paris Agreement architect Christiana Figueres said in a response accompanying the report. “While states drag their heels on their Paris Agreement commitments, state-owned companies are dominating global emissions — ignoring the desperate needs of their citizens.”

A sizable majority — 80 percent — of the year’s 20 worst offenders are state-owned, the report found.

The 2025 Carbon Majors report compared the total CO2 emissions and percentage of total emissions for the top 5 state-owned (Saudi Aramco, Coal India, CHN Energy, National Iranian Oil, Jinneng Group) and top 5 investor-owned (ExxonMobil, Chevron, Shell, TotalEnergies, BP) companies in 2023
State-owned fossil fuel companies dominated global climate emissions in 2023, compared to public companies, the Carbon Majors report noted. Credit: Carbon Majors report 2025

Throughout history, responsibility for driving climate change is concentrated among a strikingly small number of corporations, the report suggests.

Two-thirds of all fossil fuel and cement emissions worldwide from 1750 through 2023 can be traced to just 181 entities, the report finds, adding that one-third of emissions came from just 26 companies.

These findings may have significant legal consequences. During 2024, New York state and Vermont both enacted “Climate Superfund” laws that aim to hold fossil fuel producers and oil refiners responsible for the damage done by their climate-altering products — and the Carbon Majors database is a proposed tool to assess companies’ relative liabilities, according to InfluenceMap. Its earlier findings have been cited in civil lawsuits brought by U.S. cities and counties against fossil fuel producers and an inquiry in the Philippines (which has seen some of the strongest typhoons in recorded history) into corporate responsibility for human rights violations.

The report approaches companies’ contributions to climate change based on production data —  meaning that it focuses on the companies that do the drilling and mining (which helps avoid double-counting, Connaire told DeSmog). Those production figures are self-reported by companies but are widely used by governments to assess taxes and by investors in public companies. That methodology means that, for example, natural gas pipeline companies and natural gas utilities aren’t included in the report’s rankings. 

Nonetheless, natural gas producers figure among the report’s list of all-time top polluters. That includes the former Chesapeake Energy, which first rose to prominence — and some notoriety — during the shale gas fracking boom only to implode into bankruptcy in 2020. Chesapeake later emerged from bankruptcy and has since merged into the newly formed Expand Energy.

As the Carbon Majors database traces emissions throughout history, it accounts for the effects of mergers and acquisitions in the tumultuous oil industry, known for its booms and busts. “For example, the multiple smaller companies into which the Standard Oil Trust was broken up have evolved to become some of the most recognizable companies in the database today,” the report notes. “Some are direct descendants of Standard Oil, like ExxonMobil, with both Exxon and Mobil as descendants separately, and Chevron. Others have resulted from mergers with descendants of Standard Oil, such as BP and ConocoPhillips.”

Top 20 carbon majors entities by emissions, from 1854-2023: Former Soviet Union (1900-1991), China (Coal, 1945-2004), Saudi Aramco, Chevron, ExxonMobil, Gazprom, National Iranian Oil Company, BP, Shell, Coal India, Pemex, China (Cement), Poland (Coal, 1913-2001), CHN Energy, ConocoPhillips, British Coal Corporation (1947-1994), CNPC, Abu Dhabi National Oil Company (ADNOC), Peabody Energy, TotalEnergies
The Carbon Majors database traces the historical cumulative emissions of the top individual entities, such as Chevron or the former Soviet Union, from 1854 through 2023. Credit: Carbon Majors report 2025

It also calls attention to the importance of coal pollution — not just historically, but also in 2023.

“In 2023, coal remained the largest source of emissions, contributing 41.1 percent of emissions in the database,” the new report finds, “continuing a steady increase since 2016.”

Emissions from the cement industry — also a major driver of carbon pollution — increased significantly in 2023, rising 6.5 percent year-over-year, which the Carbon Majors report noted was “the largest relative rise” found. “Four of the five companies with the greatest relative increases in emissions in 2023 were cement companies — Holcim Group, Heidelberg Materials, UltraTech Cement, and CRH — with cement emissions seeing the largest relative rise among the four commodity types.”

Cement producers aren’t the only ones, however. In fact, emissions from most of the top emitters rose in 2023, the Carbon Majors report found. 

“It is truly alarming that the largest fossil fuel companies continue to increase their emissions in the face of worsening natural disasters caused by climate change, disregarding scientific evidence that these emissions are harming us all,” said Tzeporah Berman, founder of the Fossil Fuel Non-Proliferation Treaty Initiative. “It is clearer than ever that dirty private companies, driven by profits and business as usual, will never choose to self-regulate. Governments around the world must use their power to end fossil fuel expansion and transition their economies before fossil fuel companies destroy the planet.”

Original article by Sharon Kelly republished from DeSmog.

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Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)
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Continue ReadingJust 36 Companies Drove Half the World’s Climate-Altering Emissions in 2023: New Report