Trump promised riches from 'liquid gold' in the US. Now fossil fuel donors are benefiting
Source: The Guardian
Kelcy Warren was among the top donors for Donald Trump’s 2024 White House bid, personally pouring at least $5m into the campaign and co-hosting a fundraiser for the then presidential hopeful in Houston.
Trump’s win appears to already be benefiting Warren and Energy Transfer Partners, the pipeline and energy firm of which he is co-founder, executive chair and primary shareholder.
[snip]
Though domestic fossil fuel production reached record levels under Joe Biden, his policies to boost renewable energy still sparked fear among oil and gas companies, said Mark Jones, a political scientist at Rice University in Houston, Texas. “There was a threat of moving toward a net zero world … maybe not now, but there was an idea that would happen if Democrats stayed in the White House,” said Jones.
Among Trump’s moves that have benefited the company: a day-one move to end Biden’s pause on liquefied natural gas exports, which enables Energy Transfer to proceed with a long-sought-after LNG project in Lake Charles. On 13 May, Trump’s Federal Energy Commission (Ferc) also granted a three-year extension for the LNG project, which the company said was necessary for the project to succeed.
Read more: https://www.theguardian.com/us-news/2025/jun/18/trump-oil-gas-industry-donors