Oil companies and industry group could cut political donations after riots: API chairman By Reuters

By Stephanie Kelly and Laura Sanicola NEW YORK (Reuters) – Some energy companies have decided to stop making political donations after rioters attacked the US Capitol last week, the head of a major business group in the US said Wednesday. industry. Mike Sommers, president of the American Petroleum Institute, said the riots, which resulted in the deaths of five people, will also influence future decisions by the American Petroleum Institute on donations. He did not mention which companies have suspended political contributions. US oil giant Chevron (NYSE 🙂 said Tuesday it was reviewing donations. The five who died included a police officer defending the United States Capitol, while supporters of President Donald Trump stormed the headquarters of Congress in an attempt to disrupt the formal recognition of President-elect Joe Biden‘s election victory in November. On Wednesday, the U.S. House of Representatives was scheduled to impeach Trump for his role in urging the march to the Capitol. “Our first rule of thumb is to support candidates and members of Congress and senators who support the oil and gas industry,” Sommers said in a press call, where he discussed the API prospects for 2021. “But just like the iterations previous of our past donations, other factors also take effect and this will be one of the factors that we consider. Numerous companies have suspended donations to politicians who refused to certify Biden’s victory, including Walmart (NYSE 🙂 Inc, the world’s largest retail and entertainment company, Walt Disney (NYSE 🙂 Co. “I specifically asked my team to take a look at the events of the past week and make sure they are taken into account as we make our decisions going forward, “Chevron Chief Executive Mike Wirth told the Reuters Next conference on Tuesday. The US Employee Political Action Committee of major oil company BP (NYSE 🙂 also suspends political contributions for six months and will reassess its criteria for support. The oil and gas industry contributed more than $ 109 million in political donations for the 2020 election cycle, according to the Center for Responsive Politics, a nonprofit organization that tracks political spending. Any reduction in outlays would fall predominantly to conservative candidates, who got more than $ 102 million from those donations, according to the research group.

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