Trump’s Energy Policy Shifts Favor Fossil Fuels Over Clean Energy

Harold Hamm, founder of Continental Resources, alongside other energy executives, has significantly influenced U.S. energy policy following substantial campaign contributions to Donald Trump. Their collective aim was to dismantle clean energy initiatives, streamline drilling processes, and cement fossil fuels as the cornerstone of national energy strategy.

Within months of Trump's return to the WHITE House, these investments yielded tangible results. The administration swiftly opened federal lands and offshore waters for drilling, approved new natural gas export terminals, and rolled back Obama-era EPA regulations targeting emissions from vehicles, power plants, and oil-and-gas operations.

The so-called "One Big Beautiful Bill" further tilted the scales by eliminating tax credits for electric vehicles while introducing cuts for fossil fuel companies. This legislative MOVE is anticipated to hinder renewable energy projects and stifle competition from clean energy sectors.

Key industry figures, including Kelcy Warren of Energy Transfer and Chris Wright of Liberty Energy, played pivotal roles in shaping policy from within. Warren's additional $12.5 million donation to MAGA Inc. coincided with his company securing a critical permit extension for the Lake Charles LNG terminal—a project previously blocked under Biden.