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Trump rolled back regulations for oil company campaign donors, Democrats say

The report says oil and gas companies spent $201 million supporting Trump and allied Republicans and could gain $190 billion in tax breaks over 10 years.

Summary by WTVB
By Richard Cowan and Timothy Gardner WASHINGTON, Sept 24 (Reuters) - Two top Democrats in the US Senate launched a report on Thursday saying that oil and gas companies were rewarded with tax ​breaks, subsidies and rollbacks of environmental regulation ...

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Two of the U.S. Senate's main democrats released this Thursday a report according to which oil and gas companies benefited from tax incentives, subsidies and the relaxation of environmental regulations after Donald Trump, then presidential candidate, asked the sector for $1 billion in donations during the 2024 campaign. The report of Senators Chuck Schumer, Democratic Leader, and Sheldon Whitehouse, the main democrat in the environmental committ…

·Rio de Janeiro, Brazil
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"Working families bear the costs, while large oil companies reap the benefits," the report points out. Two top Democrats in the U.S. Senate released a report Thursday showing that oil and gas companies have been rewarded with tax exemptions, subsidies and reductions in environmental regulations after the then candidate Donald [...]

Two top Democrats in the US Senate released a report today that found oil and gas companies were rewarded with tax breaks, subsidies and the lifting of environmental regulations after then-presidential candidate Donald Trump solicited $1 billion in donations from them during the 2024 election campaign. The report, …

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WTVB broke the news on Thursday, September 24, 2026.
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