NEW YORK, Oct 24 (Reuters) – U.S. oil and gas industry workers have contributed only slightly more money to the campaign of Democrat Hillary Clinton than to Republican Donald Trump since the two clinched their parties’ nominations for the White House, according to Reuters’ review of federal disclosures.
The nearly even support suggests ambivalence in the industry between two rivals who have put forward wildly different energy visions. Trump calls for a drastic reduction in regulations to bolster drilling, while Clinton advocates tougher environmental protections and more renewables.
Employees in the industry gave Clinton $114,141 and Trump $99,302 since July 1, Reuters found in reviewing individual campaign contributions exceeding $200 and donations funneled through their joint fundraising committees. Both were officially nominated by their parties in mid-July.
Several oil and gas industry employees reached by Reuters said they did not donate just because of the candidates’ energy policies. Most requested anonymity, citing the sensitivity of the election.
“I am moved by the disturbing nature of what I see in Trump’s vision for America on trade, the economy and national security,” said American Gas Association head Dave McCurdy, who has contributed to Clinton’s campaign.
He added, however, that he agreed with Clinton on reducing carbon dioxide emissions blamed for climate change and felt natural gas would play a role in that effort.
The association has not endorsed a candidate.
Continental Resources Inc Chief Executive Officer Harold Hamm, who has contributed repeatedly to Trump’s campaign, has argued in favor of the candidate’s energy policies. Hamm has said bolstering U.S. drilling would reduce dependence on Middle East oil, whose proceeds he says finance terrorist attacks.
A Continental official did not respond to a request for comment from Hamm.
An energy lobbyist based in Washington said he understood the industry’s ambivalence. “Clinton is pro-regulation, which hurts,” he said, requesting anonymity. “And Trump has no record in the industry, so there’s no evidence he understands the issues.”
Clinton had far exceeded Trump in campaign contributions from industry employees during the primaries, but donations to the Republican side of the ledger were split among a much larger number of candidates than on the Democratic side.
During the Republican primaries, the industry had taken an early liking to former Florida Governor Jeb Bush, giving him more than all his rivals combined, before he dropped out of the race in February.
(Additional reporting and writing by Richard Valdmanis; Editing by Lisa Von Ahn)
(c) Copyright Thomson Reuters 2016.
Tags:
Unlock Exclusive Insights Today!
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Norwegian offshore service provider Viking Supply Ships has made a significant move to enhance its fleet’s capabilities in the subsea sector. The company on Monday announced securing a contract for...
Norwegian energy giant Equinor ASA has made a significant move in the renewable energy sector by acquiring a 9.8% stake in Ørsted A/S, a leading offshore wind developer. The acquisition...
DUBAI, Oct 6 (Reuters) – Iran’s oil minister landed on Kharg Island, home to the country’s main export terminal, and held talks with a naval commander on Sunday, the oil ministry’s news website...
October 6, 2024
Total Views: 733
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.