The once solid backing of Donald Trump among the fossil fuel industry may be starting to crater. As the 2020 presidential election draws nearer, some of the biggest players in the oil and natural gas industries have begun to seek alternative candidates to support. This shift in allegiance has created an opening for other political contenders to secure the coveted backing of energy-sector executives. Amidst the turmoil and disarray of the Trump administration, it appears that the current president may be starting to lose the favor of his longtime allies in the fossil fuel business.
1. The once solid backing of Donald Trump among the fossil fuel industry may be starting to decline.
2. Some of the biggest players in the oil and natural gas industries are seeking alternative candidates to support in the 2020 presidential election.
3. This shift in allegiance opens the door for other political contenders to secure the support of energy-sector executives.
4. Fossil fuel industry executives are increasingly disillusioned with Trump's policies and leadership style.
5. This changing sentiment could have significant implications for the upcoming elections, undermining Trump's support base and providing an opportunity for his rivals to gain ground.
In 2019, ExxonMobil contributed $0 to Trump's re-election campaign, marking the first time in two decades that the company did not donate to a Republican presidential candidate.
Many fossil fuel industry executives are becoming increasingly disillusioned with Trump's policies and leadership style. As a result, they are now considering alternative candidates who may better align with their goals and priorities. This shift in sentiment could have significant implications for the upcoming elections as it not only undermines Trump's support base but also presents an opportunity for his rivals to gain ground.