Tag: liquid gold

Original article

Companies and individuals linked to the fossil fuel industry donated more than $19 million to Donald Trump’s inaugural fund, new Global Witness analysis reveals. The analysis, based on itemised data published by the US Federal Election Commission, identified 47 individual donations from November 2024 to January 2025, accounting for around 7.8% of the total $245 million raised by the fund. Presidential inaugural funds are used to cover the costs of inauguration events, such as parades, galas and receptions.

Donald Trump used funds from his first inaugural fund in 2017 to organise a party at his own hotel, for which he was sued by the D.C. Attorney General. Of fossil fuel-linked donors, US oil giant Chevron made the largest contribution – $2 million – and was the joint fourth-largest donor overall. A string of other fossil fuel companies made donations of $1 million, including ExxonMobil, ConocoPhillips and Occidental Petroleum. A Chevron spokesperson said that “Chevron has a long tradition of celebrating democracy by supporting the inaugural committees of both parties” and that they were “proud to have done so again this year.” None of the other companies mentioned above responded to our inquiries.

In his inaugural address, Donald Trump promised to “drill, baby, drill” and said that the US “will be a rich nation again, and it is that liquid gold under our feet that will help to do it”. In the following months, the President signed a blitz of Executive Orders aimed at boosting the fossil fuel industry and kneecapping federal climate action. These include:

• Opening up federal lands and waters to fossil fuel exploration as official US policy and revoking several climate action policies;
• Establishing a new group to advise his office on how to accelerate the ‘permitting, production, generation, distribution, regulation, and transportation’ of oil and gas;
• Removing regulations on coal production to revive the flagging industry; and,
• Ordering the US Attorney General to quash state-level “polluters pay” laws that would push fossil fuel companies to pay their fair share of climate damages.

 Global Witness Senior Data Investigator Nicu Calcea said: “It’s no surprise the oil and gas industry handed millions to Donald Trump for his inauguration, and they seem to have reaped a huge return on their investment.

“Every month that Donald Trump has been in power, we’ve seen a raft of anti-climate measures come out which are music to the fossil fuel industry’s ears. From plans to steamroll through dirty new coal plants, to the attempted quashing of ‘polluter pays’ laws that would hold oil giants accountable, it’s clear where his political priorities lie.

“While Trump sides with his friends in oil and gas, we must keep up the fight for a fair, green future – that means pushing for wind and solar where we live, backing polluters pay bills, and resisting the development of oil, gas and coal projects across the country.”

Many of the world’s worst environmental and human rights abuses are driven by the exploitation of natural resources and corruption in the global political and economic system. Global Witness is campaigning to end this. We carry out hard-hitting investigations, expose these abuses, and campaign for change. We are independent, not-for-profit, and work with partners around the world in our fight for justice.