Democratic senators report oil industry received benefits after Trump’s $1 billion ask

  • Chuck Schumer and Sheldon Whitehouse launched a report alleging benefits for oil and gas companies.
  • Donald Trump asked energy companies for $1 billion during the 2024 campaign.
  • Taylor Rodgers rejected the report as Democratic senators prepared to discuss it publicly.

Two top Senate Democrats launched a report alleging that oil and gas companies received tax breaks, subsidies and environmental regulatory rollbacks after then-candidate Donald Trump asked energy companies for $1 billion in donations during the 2024 campaign. The report tracked hundreds of millions of dollars in campaign spending and said the resulting policies generated hundreds of billions of dollars in tax breaks and revenues while encouraging consumers to buy more fossil fuels. It was based on 19 investigations into regulatory rollbacks by the Environmental Protection Agency (EPA), 13 investigations involving nine other agencies and 13 probes into what the senators described as 88 polluters. The report said working families bear the costs through higher energy prices, weaker public services and long-term climate and health damage, while oil company executives and shareholders receive the gains. The White House rejected the findings, with spokeswoman Taylor Rodgers accusing Democratic senators of failing to examine their ties to the green-energy industry. The report could preview issues for Democratic lawmakers to examine in hearings if they take control of the Senate in November’s midterm elections. Separately, the EPA announced this month that it would repeal former President Joe Biden’s carbon-emissions limits for coal- and gas-fired power plants and block future climate-focused regulations on them. The EPA said the changes would save the industry $370 million in compliance costs, while the Biden administration estimated its rule would deliver $370 billion in benefits, including lower medical bills linked to smog and other emissions.

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