‘Drill, baby, drill:’ Donald Trump raises money from the oil and gas industry
Donald Trump headlined a fundraiser with energy executives in Texas on Wednesday, following his recent promise to ease regulations on their industry and requesting $1 billion in donations.
The former president and presumptive Republican nominee for the 2024 White House bid has been vocal about his intention to empower the oil and gas sector if re-elected, often emphasizing his commitment to “drill, baby, drill,” as part of his strategy to bolster American energy production.
During a December town hall in Iowa, Trump addressed criticisms of his leadership style, stating that while he aimed to implement immediate actions like border closure and energy expansion upon assuming office, he did not view himself as a dictator beyond the initial stages.
The Trump campaign declined to provide comment on the Houston fundraiser.
Throughout his ongoing legal proceedings in New York City, Trump has continued to engage in campaigning and fundraising activities. As his trial approaches its climax, with final arguments set to commence next Tuesday, the former president’s efforts to court the oil and gas industry have garnered attention.
During his first term, Trump’s administration saw a strong alignment with the interests of the oil and gas sector, exemplified by the appointment of former Exxon CEO Rex Tillerson as U.S. secretary of state in 2017.
In 2024, Trump’s advocacy for the energy industry has once again sparked criticism from environmentalists and Democratic lawmakers. They accuse him of prioritizing financial gains over environmental concerns and undermining clean energy initiatives pursued by President Joe Biden’s administration.
According to Alex Glass, managing director of communications for Climate Power, Trump’s visit to Houston serves as a direct appeal to “Big Oil,” offering significant tax breaks in exchange for substantial campaign contributions.
The fundraiser, hosted by prominent figures in the industry such as Harold Hamm, Kelcy Warren, and Vicki Hollub, attracted protesters outside the venue, highlighting concerns over the perceived influence of corporate interests in policymaking.
Reports of a meeting between Trump and oil executives at his Mar-a-Lago estate in April, where he allegedly solicited $1 billion in campaign funds in exchange for policy favors, have raised ethical and legal questions.
U.S. Rep. Jamie Raskin has initiated inquiries into potential financial agreements between energy companies and the Trump campaign, citing concerns about the integrity of American energy policy.
Karoline Leavitt, national press secretary for the Trump campaign, defended the former president’s stance on energy, portraying Biden as beholden to extreme environmental agendas while emphasizing Trump’s commitment to promoting energy independence and affordability for all Americans.