Major oil companies joined the chorus in corporate America distancing themselves from their past political donations in the wake of the violent clash at the Capitol on Wednesday.
At least five big firms in the energy business say they are reconsidering — and, in some cases, suspending — donations to politicians after a mob supporting President Trump stormed Congress as it worked to certify President-elect Joe Biden’s victory. The moves by the oil sector, one of the most influential in Washington, may be consequential if the industry ends up making major changes to the money it spends in politics. Yet critics are leery, questioning whether any halt in donations will last after the shock of the attack wears off.
Either way, the response is a sign that the violent attack on Washington is no normal political fight.
It’s all part of the broader reassessment about how the energy business and other sectors are fueling divisions in politics.
Both ConocoPhillips and BP’s employee-funded political action committee are suspending political contributions for at least six months as they consider what to do next, representatives for the two firms told The Energy 202.
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