
Republicans who backed Trump's anti-environment bill have accepted over $105m from big oil
Signed into law last month, the One Big Beautiful Bill Act includes billions of dollars in giveaways to oil and gas companies and their executives, alongside provisions to scale back credits for clean vehicles, wind and solar which were enshrined by Joe Biden's Inflation Reduction Act (IRA).
All but two GOP House members voted to support the budget bill, as did all but three GOP senators. That includes many Republicans from districts who benefited most from the IRA's green credits, and those who spent months attempting to defend renewable energy tax credits from the budget bill's provisions, such as Representative Andrew Garbarino of New York and Senators Lisa Murkowski of Alaska and John Curtis of Utah.
The new report from the environmental advocacy group Climate Power totalled up the funds the bill's backers have accepted from the fossil fuel industry over the course of their political careers, finding that House members accepted $54.4m and senators accepted $51.5m.
'These Republicans in Congress are caught red-handed taking massive donations from the oil and gas industry, and voting to give them billions and to destroy their competition from their own state's clean energy industries,' the analysis says.
With House midterm elections scheduled for next year, Climate Power also looked at fossil fuel donations to the 15 House Republicans deemed most vulnerable to an electoral challenge, according to the Cook Political Report, which independently analyzes the political viability of elections and campaigns. All 15 backed the mega-bill, and together, they accepted more than $3m in donations from the fossil fuel industry, the authors found.
Hailing from Colorado, Iowa, Arizona, New Jersey, California, Michigan and New York, the lawmakers on the list are from regions that have seen benefits from the IRA's credits for wind and solar energy, as well as battery manufacturing. The mega-bill puts more than 110,000 jobs from the three sectors at risk in the 15 lawmakers' districts, and is also expected to raise consumers' energy bills by up to $200 annually by 2030, according to the climate policy thinktank Energy Innovation.
Some on the list had previously critiqued the bill: Congresswoman Mariannette Miller-Meeks of Iowa, who has accepted $229,179 in oil and gas contributions, pledged to support clean energy tax credits but backed the legislation anyway, while Colorado's Jeff Hurd, pledged to oppose the bill due to its cuts to Medicaid but ended up supporting it.
'These Republican members of Congress all represent moderate swing districts with close elections, where voters of both parties expect their representatives to look out for them, not to kill their jobs and raise their utility bills for the sake of out-of-state special interests,' said Pete Jones, a director at Climate Power. 'These members chose who to stand up for, and they picked their billionaire donors.'
Big oil spent a stunning $445m throughout the last election cycle to influence Trump and Congress, Climate Power found in January. The industry also poured more than $19m into Trump's inaugural fund, accounting for nearly 8% of all donations it raised, a report found last month.
'We will be a rich nation again, and it is that liquid gold under our feet that will help to do it,' Trump said in his inaugural address.
Since re-entering the White House, Trump has passed not only the anti-environmental One Big Beautiful Bill Act, but has also signed a slew of executive orders and policies aimed at cracking down on clean energy and boosting already-booming oil and gas.
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Daily Mail
26 minutes ago
- Daily Mail
Zelensky says giving up land for peace could be 'impossible' as Trump rages at 'fake news' over his showdown with Putin - as Europe's leaders head to the White House
Volodymyr Zelensky has said giving up land for peace in a future agreement with Russia could be 'impossible'. Speaking in Brussels today, the Ukrainian president insisted that his country's constitution made it 'impossible to give up territory or trade land'. But he went on to say: 'Since the territorial issue is so important, it should be discussed only by the leaders of Ukraine and Russia at a trilateral meeting.' 'We need real negotiations, which means we can start where the front line is now,' Zelensky said, adding that European leaders supported this. It comes as US president Donald Trump appears poised to urge the Ukrainian leader to agree to a Russian land grab of his country's territory. Russian president Vladimir Putin is said to have demanded full control of Donetsk and Luhansk - two occupied Ukrainian regions - as a condition for ending the war. Zelensky was speaking ahead of a virtual meeting with European leaders and before he travels to Washington to meet with Donald Trump following the US leader's summit with Russian President Vladimir Putin in Alaska on Friday. He reiterated his position that it was necessary to establish a ceasefire in order to then negotiate a final deal. Russian president Vladimir Putin is said to have demanded full control of Donetsk and Luhansk - two occupied Ukrainian regions - as a condition for ending the war when he met Trump on Friday 'It's important that Washington is with us,' the Ukrainian leader said. He will be accompanied by several European allies, including Keir Starmer, for Monday's talks with Trump. Zelensky said that Ukraine did not yet know all the demands made by Putin at the meeting with Trump on Friday, adding that it would take a long time to go over them - and that this was not possible under 'the pressure of weapons'. Meanwhile, the world is still reeling from Trump's meeting with Putin in Alaska, where he rolled out the red carpet for the war-mongering tyrant. Most international commentators believe the negotiations were a win for Putin, with the media noticing he appeared energetic and satisfied by how the summit had gone. Trump, on the other hand, appeared uncharacteristically deflated and seemed disheartened that the famed deal-maker was not able to get an agreement together. But the US President has hit back at his critics, posting on his social media platform Truth Social on Sunday morning: 'It's incredible how the Fake News violently distorts the TRUTH when it comes to me. 'There is NOTHING I can say or do that would lead them to write or report honestly about me. I had a great meeting in Alaska on Biden's stupid War, a war that should have never happened!!!' Only minutes later, he posted: 'If I got Russia to give up Moscow as part of the Deal, the Fake News, and their PARTNER, the Radical Left Democrats, would say I made a terrible mistake and a very bad deal. Donald Trump and Vladimir Putin shake hands after a joint press conference following the US-Russia summit on Ukraine at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on Friday 'That's why they are the FAKE NEWS! Also, they should talk about the 6 WARS, etc., I JUST STOPPED!!! MAGA.' It comes as Trump envoy Steve Witkoff gave an interview with CNN where he discussed the issue of territory - and specifically of the five regions he described as always having been the 'crux of the deal'. Russia illegally annexed Crimea in 2014 while the regions of Luhansk, Donetsk, Zaporizhzhia and Kherson were annexed after referendums internationally viewed as shams in 2022. 'The Russians made some concessions at the table with regard to all five of those regions,' Witkoff said today. He added that the Donetsk region constitutes an 'important discussion' - and one which he said will happen tomorrow. The Donbas is predominantly Russian-speaking, and after Russia snatched Crimea in 2014, its proxy forces have gained a foothold there in a long-running war. Zelensky, who has rejected Putin's demands that Kyiv withdraw from the remaining 30 per cent of Donetsk that it still controls, played down the Russian advances, saying on X that his forces were 'countering' and 'increasing the pressure' on the 'occupier'. 'The Russian army continues to suffer significant losses in its attempts to secure more favourable political positions for the Russian leadership at the meeting in Alaska. We understand this plan and are informing our partners about the real situation,' he said. Zelensky's statement comes as negotiations to end the war continue to mount. Sir Keir Starmer, European Commission president Ursula von der Leyen, German chancellor Friedrich Merz and France's Emmanuel Macron will travel to Washington tomorrow for peace talks at the White House. Ms Von der Leyen said 'at the request of President Zelensky, I will join the meeting with President Trump and other European leaders in the White House tomorrow.' Other European leaders confirming they will go tomorrow included Finnish president Alexander Stubb, Italian PM Giorgia Meloni and Nato secretary general Mark Rutte. Mr Zelensky's Oval Office rendezvous follows Western allies holding a 'coalition of the willing' video call at 2pm earlier today, hosted by Sir Keir, Mr Macron and Mr Merz. Mr Trump is said to be inclined to support the plan, and will speak to Mr Zelensky about it when they meet in the Oval Office. The European leaders may also fear a repeat of Mr Zelensky's last visit to the White House at the end of February. The tumultuous spat resulted in a souring of relations between the US and Ukraine, including a temporary cut off of American aid for the war effort. Downing Street insisted Sir Keir and other allies stand ready to support the next phase of talks to end the war. A statement from No 10 said: 'At the meeting that will take place at the White House tomorrow, the Prime Minister, with other European partners, stands ready to support this next phase of further talks and will reaffirm that his backing for Ukraine will continue as long as it takes.' Yesterday, Sir Keir commended Mr Trump for bringing the conflict 'closer than ever' to an end. Mr Trump appeared to change his position on how to end the war in Ukraine following his meeting with the Russian president on Friday. Following the Alaska summit, the American leader suggested he wants to move straight to a full peace deal, rather than negotiating a ceasefire first. The shift appears to echo the Russians' refusal to agree to ceasefire before engaging in peace talks. Meanwhile Zelensky on Sunday rejected the idea of Russia offering his country security guarantees, after US and EU officials promoted the possibility. White House envoy Steve Witkoff earlier said Trump and his Russian counterpart Putin agreed to 'robust security guarantees' for Ukraine during a meeting in Alaska on Friday. EU chief Ursula von der Leyen on Sunday hailed the proposal as an offer of NATO-style security guarantees from the United States. 'We welcome President Trump's willingness to contribute to (NATO) Article 5-like security guarantees for Ukraine, and the coalition of the willing, including the European Union, is ready to do its share,' von der Leyen said. Zelensky also welcomed the idea of US security guarantees - but was less positive about Russia's intentions. 'What President Trump said about security guarantees is much more important to me than Putin's thoughts, because Putin will not give any security guarantees,' he told a press conference in Brussels alongside von der Leyen. 'Security means a strong army, which only Ukraine can provide. I believe that only Europe can finance this army.' Von der Leyen and Zelensky also shared their thoughts on a possible meeting between Trump, Putin and the Ukrainian leader. 'So far, Russia gives no sign that the trilateral will happen and if Russia refuses, then new sanctions must follow,' Zelensky said.


Reuters
28 minutes ago
- Reuters
Global markets face shaky week ahead as US pressure mounts on Ukraine
LONDON, Aug 17 (Reuters) - Defence stocks and energy markets are likely to be in focus this week, as European leaders rushed to back Ukraine in talks with U.S. President Donald Trump that may pressure Kyiv to accept a peace deal favouring Russia. Investors are watching for signs that the U.S. may move closer to Russia in a bid to exploit vast, untapped Arctic energy resources, in a major geopolitical shift that piles pressure on Europe to rapidly boost defence spending. Trump and Russian President Vladimir Putin ended their weekend summit in Alaska without securing a Ukraine ceasefire agreement, with the U.S. President then saying he now wanted a rapid peace deal that Kyiv should accept. Ukrainian President Volodymyr Zelenskiy is travelling to Washington on Monday for talks that leaders of nations including Germany, the UK and France will now join. "Trump seems inclined to reduce or even end US support for Ukraine. Putin got him interested in business deals," Berenberg Chief Economist Holger Schmieding said in a note to clients. "As a result, the US may lift its sanctions on Russia and invest in Russia instead," he added. "Europe will have to spend a lot more for its own defence." Investors have bet on that outcome since February 2022, driving a supercharged rally in European aerospace and defence stocks (.SXPARO), opens new tab with gains of over 600% for Leonardo ( opens new tab and 1,500% for Germany's Rheinmetall ( opens new tab. The euro has rallied 13% against the dollar this year and traded at about $1.17 on Friday. Bank of America strategist Michael Hartnett highlighted the potential for U.S.-Russia Arctic drilling projects to exploit 15% of the world's undiscovered oil and 30% of the world's undiscovered natural gas, resulting in a deep energy bear market. Brent crude, which dropped more than 1% to near $66 a barrel, on Friday, was still priced for a Ukraine peace deal, Hartnett cautioned, while Trump wanted lower energy prices for U.S. consumers . Ukraine's government bonds - key mood indicators - rallied when news of the summit emerged earlier this month but have stalled at a still-distressed 55 cents per dollar. "I would think they will be a bit weaker following the recent strength as the mood seems to favour Russia following Friday's summit," Aegon Asset Management head of emerging market debt Jeff Grills said.


The Guardian
28 minutes ago
- The Guardian
Rubio says both Russia and Ukraine ‘have to make concessions' for peace deal
In a combative series of interviews on Sunday, the US secretary of state, Marco Rubio, said that 'both sides are going to have to make concessions' for there to be a peaceful resolution to the war that erupted when Russia invaded Ukraine in 2022. 'You can't have a peace agreement unless both sides make concessions – that's a fact,' the Trump administration's top diplomat said Sunday on ABC's This Week. 'That's true in virtually any negotiation. If not, it's just called surrender. And neither side is going to surrender. So both sides are going to have to make concessions.' Rubio said the recent talks in Alaska between Russian president Vladimir Putin and his US counterpart Donald Trump toward ending the war had 'made progress in the sense that we identified potential areas of agreement – but there remains some big areas of disagreement'. 'We're still a long ways off,' Rubio added. 'We're not at the precipice of a peace agreement. We're not at the edge of one. But I do think progress was made and towards one.' He declined to go into specific areas of agreement or disagreement, or outline what Trump has described as 'severe consequences' for Russia if its aggression toward Ukraine continued. 'Ultimately, if there isn't a peace agreement, if there isn't an end of this war, the president's been clear – there are going to be consequences,' Rubio remarked. 'But we're trying to avoid that. And the way we're trying to avoid those consequences is with an even better consequence, which is peace, the end of hostilities.' Rubio agreed that no agreement was possible without both sides – including that of Ukrainian president Volodymyr Zelenskyy – being at the table. 'You're not going to reach a ceasefire or a peace agreement in a meeting in which only one side is represented,' Rubio told ABC News. 'That's why it's important to bring both leaders together – and that's the goal here.' Rubio confirmed that a ceasefire – or, as Trump now reportedly prefers, a straight-to-peace deal – 'is going to be difficult', despite the White House's openly demanding one. The war, he said, has been 'going on for three and a half years'. 'You have two very entrenched sides, and we're going to have to continue to work and chip away at it,' Rubio said. Separately, on NBC's Meet the Press, Rubio said a ceasefire was 'not off the table', though he added: 'It was agreed by all that the best way to end this conflict is through a full peace deal.' He said the US had advocated for a ceasefire, but 'unfortunately, the Russians as of now have not agreed to that. 'But the ideal here, what we're aiming for here is not a ceasefire,' he said. 'What we ultimately are aiming for is an end to this.' Nonetheless, Rubio said he doubted that a new set of western sanctions on Russia would force Moscow to agree to any deal. He also denied that Trump, as critics claim, had merely given the aggressor in the conflict, Putin, an unwarranted place on the world stage. 'Putin is already on the world stage,' Rubio said on ABC News. 'The guy's conducting a full scale war in Ukraine. 'That doesn't mean he's right about the war. That doesn't mean he's justified about the war. You're not going to end a war between Russia and Ukraine without dealing with Putin. That's just common sense. So people can say whatever they want.' On NBC's Meet the Press, the Democratic US senator Chris Murphy of Connecticut countered on Sunday that the Trump-Putin 'meeting was a disaster'. 'It was an embarrassment for the United States,' Murphy said. 'It was a failure. Putin got everything he wanted.' Murphy said that Trump had given Putin 'that photo-op' he wanted and to 'be absolved of his war crimes in front of the world. 'War criminals are not normally invited to the United States of America,' Murphy remarked. Secondly, he said, Putin had not been forced to give up anything. 'President Trump said he wanted a ceasefire – it appears the ceasefire wasn't even seriously discussed,' Murphy added. 'And then, third, there's no consequences. 'Trump said, 'If I don't get a cease fire, Putin is going to pay a price.' And then he walked out of that meeting saying, 'I didn't get a ceasefire. I didn't get a peace deal, and I'm not even considering sanctions.''