U.S. oil majors pitch more campaign cash to Democrats as frack battle looms | Reuters
The two largest U.S. energy firms, Chevron Corp CVX.N and Exxon Mobil Corp XOM.N, have increased their share of campaign donations to Democrats this year, according to latest filings, amid a looming battle over fracking.
The vast majority, 85% of all oil and gas donations this election, have flowed on behalf of U.S. President Donald Trump, other Republican candidates and conservative causes, according to data from campaign researcher the Center for Responsive Politics (CRP).
However, oil majors have put more money into Democratic coffers as some polls show Democratic challenger Joseph Biden with an as much as 10 percentage point lead and a platform calling for the nation to transition to more renewable energy and an end to new fracking permits on federal lands.
Chevron contributed roughly 28% of its political funds to Democratic candidates this cycle, from 26% in 2016. Exxon sent 41% of its contributions to Democratic candidates and parties, up from 32.6% in the last presidential election, the data showed.