Harold Hamm, a billionaire oil tycoon, is rallying the energy sector to back Donald Trump’s presidential campaign with significant financial contributions.
Josh Dawsey and Maxine Joselow report for The Washington Post.
In short:
- Harold Hamm is leveraging his influence in the oil industry to raise $1 billion for Trump’s 2024 campaign, arguing it’s critical to the industry's future.
- The oil and gas sector has already donated over $20 million to Trump’s campaign and related super PACs.
- Hamm has specific policy demands for a second Trump term, including more federal land drilling and reduced environmental regulations.
Key quote:
“We’ve got to do this because it’s the most important election in our lifetime.”
— Harold Hamm, CEO of Continental Resources.
Why this matters:
Harold Hamm’s efforts could shift policy significantly, favoring the oil industry at the expense of environmental protections. His fundraising influence may also shape Trump’s political agenda if elected.
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