Washington, DC — A new report released today by Senate Democrats on the Environment and Public Works Committee puts a dollar figure on the greed and corruption of the fossil fuel industry and the Trump administration. According to the report, fossil fuel interests and affiliated groups spent an estimated $201 million supporting Trump and allied Republicans through direct contributions and advertising, along with $19 million for the presidential inaugural fund. In return, the industry has received special treatment through the hundreds of billions of dollars in tax breaks, subsidies, and regulatory rollbacks.
The report, The Billion Dollar Deal: How the Fossil Fuel Industry Bought the Trump Administration, Cashed In, and Left Americans to Pay the Price, draws on investigations into actions by the Environmental Protection Agency, the Department of Energy, and other federal agencies, as well as analyzing the finances of individual polluters.
Independent analysts cited in the report estimate that fossil fuel companies could receive approximately $190 billion in tax breaks and subsidies over the next decade from the so-called One Big Beautiful Bill. The report also highlights the administration’s rollback of federal climate and pollution protections — including the EPA’s decision to rescind the federal Endangerment Finding for power plants and vehicles — and efforts to block clean energy investments.
At the same time, the report documents the costs being shifted onto American families, including increased health costs from pollution, lost jobs from blocked clean energy investments, and increased energy prices.
In reaction, Sierra Club Director of Beyond Fossil Fuels Policy Mahyar Sorour released the following statement:
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