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Some of the industry’s biggest boosters and beneficiaries really, really want to keep Trump out of jail.
With $6.4 million, you could pay to remove 4,923 tons of carbon from the atmosphere. You could buy 533 used Chevy Bolts — far more than enough to give one to every incoming freshman at Swarthmore College — or supply an entire county with low- and no-emissions buses.
Or, if you’re the oil and gas industry, you could donate it to the former president of the United States to help cover his mounting legal fees.
According to new analysis by the strategic communications group Climate Power, allies of Big Oil pumped more than $6.4 million into Donald Trump’s joint fundraising committee in just the first three months of 2024 — on pace to surpass the $6.9 million the industry contributed in all of 2023. “From the private equity firm execs to investors to anti-climate activists like Linda McMahon, Trump’s Small Business administrator — they all want Trump to undo our climate and clean energy progress,” Alex Witt, Climate Power’s senior advisor on oil and gas, told me. “And they want their jobs back.”
It’s no secret that the oil and gas industry has bolstered Trump’s money-strapped campaign. The recent slate of donations to a fundraising vehicle called the Trump 47 Committee, has allowed the former president to accept large checks from individuals and prioritize the allotment of those funds. In this way, the Trump 47 Committee works like a one-stop shop for well-heeled supporters like Linda McMahon, formerly Trump’s Small Business Administration head and a vocal proponent and investor in the Keystone XL pipeline and promoter of offshore drilling, and Kelcy Warren, the billionaire CEO of the pipeline operator Energy Transfer Partners. Both maxed out the committee’s $814,600 allowed contribution.
Trump 47 is technically a joint fundraising committee, a type of entity allowed by the Federal Election Commission to bundle donations going to multiple channels. This is nice for donors, who can cut a single check that then gets divided among various buckets — in this case, the Trump campaign, the Save America PAC, the RNC, and 39 different state committees, in that sequence. Critics say this form of fundraising is a way around election laws that aim to limit how much a wealthy individual can donate to a given candidate. Importantly, super PACs can’t donate to candidates or their campaigns, or coordinate things like messaging with them; the money raised by a joint fundraising committee is directed by a candidate (including into PACs), giving them fuller influence over the donations. (Joe Biden uses joint fundraising committees, too.)
The Trump 47 Committee has prioritized funneling these donations toward a PAC that covers the president’s legal fees, rather than toward the Republican National Committee, which is also struggling financially. While this strategy does not allow donors to get around the individual contribution limit of $5,000 per year to a political action committee, it does mean that after the first $6,600 of a donation made to the Trump 47 Committee (which goes toward Trump’s primary and general election accounts), the subsequent $5,000 of each donation is earmarked for the Save America PAC.
As a “leadership PAC,” Save America can’t be used on Trump’s campaign activities; instead, it is structured to cover administrative expenses. That has kept it plenty busy: The PAC has covered fees for 70 different lawyers and law firms, USA Today reports, with legal spending making up about 85% of its overall use. Between January and the end of March, Save America put a total of $8.5 million toward Trump’s legal woes, including $5.5 million in March alone. (Fossil fuel allies have also donated large amounts to MAGA Inc., a PAC that has refunded millions to Save America.)
The higher donation limits of a JFC make it more appealing for supporters who want to cut big checks, and most individuals quickly pass the $6,600 threshold. In my review of the 30 oil and gas industry executives, investors, and allies who donated to the Trump 47 Committee, according to Climate Power, I found none who donated less than $100,000.
The Trump campaign has been quick to defend itself against allegations that it is prioritizing ex-president over party by pointing out that “out of an individual donor’s maximum contribution of $824,600, less than 1% goes to Save America.”(The Trump campaign had not replied to Heatmap’s request for comment by press time.) It’s true that of the $6.4 million Big Oil allies donated to the Trump 47 Committee this year, roughly 2% has ended up in Save America’s coffers, per my own back of the envelope math.
What’s shocking isn’t how much money this amounts to in the grand scheme of the obscene amounts of capital going toward defending Trump, however. Rather, it’s that oil and gas allies — including Ray Washburn, on Sunoco’s board of directors; Peter Leidel, an oil and coal company director; and Robert Mercer, who’s funded climate misinformation — have given gobs of money to help defeat criminal charges against a former holder of, and candidate for, the presidency of the United States. For this there is no precedent. Fossil fuel interests “have made it super clear that they are willing to help pay Trump’s legal defense to help keep him out of jail,” Witt told me.
As an especially ironic footnote, Biden has in certain senses been better for the oil and gas industry than his predecessor. A more unpredictable leader, Trump was evidently a second or third choice among for many of the fossil fuel industry’s biggest donors among the crowded field of Republican candidates, both in 2016 and this time around. Oil and gas magnate Harold Hamm, for example, initially avoided committing to a Trump second term — only to come around to such an extent that he was even rumored to have helped the former president meet his recent $454 million bond.
It’s, frankly, a canny move. Plenty has already been written about Big Oil effectively buying influence over policy. Just yesterday, Senator Ron Johnson of Wisconsin, who has received $750,000 from the fossil fuel industry since his election in 2010, pulled the Senate’s Big Oil disinformation hearing off track by ranting about “climate change alarmism.”
It doesn’t take much creativity to imagine what Trump might do for his friends if he retakes the highest office.
“There’s absolutely no doubt that he would deliver Big Oil’s wish list wrapped up in a bow,” Witt said.
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On rapid storm intensification, unlocking lithium, and John Kerry’s next move
Current conditions: What remains of former Hurricane Kirk could bring heavy rain and dangerous winds to Europe • Wildfires in Bolivia have scorched nearly 19 million football fields worth of land this year • It is 55 degrees Fahrenheit and rainy today at the Alpe du Grand Serre, an 85-year-old Alpine ski resort in France that announced it will close for good due to a lack of snow.
Hurricane Milton has horrified meteorologists with its swift transformation into a monster system, exploding from a Category 1 storm into a Category 5 storm in about 18 hours. As of this morning it has maximum sustained winds of 155 mph, according to the National Hurricane Center, and is expected to make landfall near Tampa, Florida, overnight on Wednesday. Milton will likely weaken slightly as it approaches the Sunshine State but will nonetheless bring life-threatening wind, rain, and storm surge to an area still in tatters from last month’s Hurricane Helene. “If Milton stays on its course this will be the most powerful hurricane to hit Tampa Bay in over 100 years,” the Tampa Bay National Weather Service said. “No one in the area has ever experienced a hurricane this strong before.”
NHC/NOAA
Veteran Florida meteorologist John Morales broke down in tears reporting on Milton’s remarkable drop in air pressure – generally the lower a storm’s pressure, the greater its strength. “This is just horrific,” Morales said. “The seas are just so incredibly, incredibly hot. You know what’s driving that. I don’t need to tell you: Global warming.”
The Federal Emergency Management Agency is under strain from back-to-back extreme weather events, including Hurricane Helene and looming Hurricane Milton. Last week Homeland Security Secretary Alejandro Mayorkas warned that FEMA “does not have the funds” to get through the rest of hurricane season. The agency’s former administrator, Craig Fugate, toldBloomberg the damage from Milton could be more costly than Helene’s. Staff shortages are compounding funding shortfalls, with just 9% of FEMA workers available to respond to disasters as of Monday, as personnel struggle to address a number of recent disasters in other parts of the country. “The agency is simultaneously supporting over 100 major disaster declarations,” Brock Long, who led FEMA during the Trump administration, said. “The scale of staffing required for these operations is immense.”
John Kerry has joined billionaire Tom Steyer’s sustainable investing firm, Galvanize Climate Solutions, as co-executive chair alongside Steyer and Katie Hall. The former secretary of state and top U.S. climate diplomat “will focus on expanding the resources and reach of Galvanize’s investment strategies, originating differentiated opportunities, and leveraging firsthand knowledge as to how technology, policy, and geopolitics are shaping the energy transition,” the firm said in a statement. Steyer and Hall launched Galvanize in 2021. It manages around $1 billion and focuses on “generating long-term value from the energy transition.” Kerry said Galvanize would play a key role in the energy transition by “bringing competitive, commercially viable solutions to market.”
Lithios, a Massachusetts-based startup with a novel method of lithium extraction, just raised a $12 million seed round. Energy market analysts predict that the world is hurtling towards a global lithium shortage by the 2030s, but Lithios is aiming to help unlock previously untapped lithium sources around the world, specifically salty groundwater deposits, a.k.a. brines. The company’s CEO, Mo Alkhadra, told Heatmap’s Katie Brigham that while about two-thirds of the world’s lithium is contained in brine rather than hard rock, only about 15% to 20% of these brines are currently worth mining. Lithios, he said, will get that number up to around 80% to 85%, in theory. The funding is led by Clean Energy Ventures with support from Lowercarbon Capital, among others. The round included $10 million in venture funding and $2 million in venture debt loans from Silicon Valley Bank.
The Biden administration wants to restart more nuclear power plants that have been decommissioned in an effort to provide zero-emission electricity to meet soaring demand, according to White House climate adviser Ali Zaidi. Two revivals are already in progress: The Department of Energy finalized over $2.8 billion in loans and grants to help restart the Palisades plant in Michigan, and tech giant Microsoft made a deal with energy company Constellation to revive Pennsylvania’s Three Mile Island nuclear plant. Zaidi said he could think of at least two other plants that could be brought back online, but didn’t get specific.
“Governments come and go and they may change things, but the energy transition has passed the inflection point.” –Martin Pochtaruk, CEO of solar-module maker Heliene, which this week announced a strategic equity investment of up to $54 million that will support its new manufacturing operation in Minnesota.
The seed funding will help it build up to commercial production.
With the markets for electric vehicles and battery energy storage systems on the come-up, energy market analysts predict that the world is hurtling towards a global lithium shortage by the 2030’s. Lithios, a Massachusetts-based startup with a novel method of lithium extraction, is aiming to help by unlocking previously untapped lithium resources around the world.
The company just raised a $12 million seed round to help fund this mission, led by Clean Energy Ventures with support from Lowercarbon Capital, among others. The round included $10 million in venture funding and $2 million in venture debt loans from Silicon Valley Bank.
It’s not as if the world actually lacks for lithium, the energy dense mineral that is the primary component in lithium-ion batteries. It’s just that many current reserves are too low-grade to be economically exploited, and traditional extraction methods are land-intensive, inefficient, and often controversial with local communities. Chile, Australia, and China dominate the market, while the U.S. contributes less than 2% of the world’s annual supply.
Lithios aims to make it more economical and environmentally friendly to extract lithium from salty groundwater deposits, a.k.a. brines. The company’s CEO, Mo Alkhadra, told me that while about two-thirds of the world’s lithium is contained in brine rather than hard rock, only about 15% to 20% of these brines are currently worth mining. Lithios, he said, will get that number up to around 80% to 85%, in theory. “The vision with Lithios’ tech is to enable access to these lower-grade resources at a similar or maybe slightly higher cost structure relative to the highest grade deposits that are mined today,” Alkhadra explained.
The normal lithium brine extraction process involves pumping saline water from underground reservoirs to the surface, where it’s then moved through a series of large, wildly colored evaporation ponds, often located in the middle of vast salt deserts. Over a period of about 18 months, the sun slowly evaporates the brine, leaving behind increasingly high concentrations of lithium. But Lithios’ tech avoids these ponds altogether. Instead, the brine is pumped to the surface and delivered directly to the company’s refrigerator-sized electrochemical reactors, which contain stacks of electrodes that capture the lithium.
While the company wouldn't disclose the electrodes’ exact chemistry, Alkhadra told me they are made from “inorganic compounds which have geometries that fit basically only lithium and none of the other larger ions that you would find in these brine mixtures.” After lithium is extracted, the company produces a purified lithium concentrate and sends that off for refining into battery chemicals. The final batteries could end up in EVs, energy storage systems, or even just plain old portable consumer electronics.
Lithios’ tech comes at a good time, as the Inflation Reduction Act’s domestic content requirements for EVs incentivizes manufacturers to source critical minerals from the U.S. and countries that the U.S. has free trade agreements with. Alkhadra told me that Lithios could open up opportunities for brine mining in the Smackover formation, which spans a number of southern states including Texas and Arkansas, the Salton Sea area, which has been dubbed “Lithium Valley,” as well as deposits in Utah and Nevada. More areas in Canada and Europe could also be in play. (The company said it couldn’t talk yet about any specific partnership agreements.)
While there are a number of other companies such as Lilac Solutions and EnergyX that are also pursuing more efficient and less land-intensive brine-based extraction methods, they rely on a different, purely chemical process known as direct lithium extraction, which uses technology adapted from the water treatment industry. “The core thesis around what we're building at Lithios stems from that work,” Alkhadra told me, explaining that electrifying these chemical processes makes them “much more selective, energy efficient, and water efficient” — resulting in “modest to significant cost reduction.”
Lithios’ new funding will help the company scale its research and development efforts as well as build out a pilot facility in Medford, Massachusetts, with initial production to begin in the first quarter of next year. At first, output will be limited to just “several battery packs” per year, Alkhadra told me, scaling up to commercial production “in the coming years.”
Alkhadra is excited to see investors and the federal government alike beginning to express interest in the upstream, “dirtier” portions of the battery supply chain, which he told me have generally been overlooked in favor of downstream sectors such as battery manufacturing and cell production. “I think the U.S. departments of both energy and defense, and investors too, are coming to realize that the real bottlenecks in battery manufacturing and EV production are on the resource side.”
And it’s make a life-threatening situation even more dangerous.
The “Meteorologists” Facebook page has 51,000 followers, an iffy grasp of grammar rules, and outsized confidence in the United States’ weather engineering capabilities. “They are Aiming this KILLER Monster Hurricane Right at FLORIDA!” one user said of Hurricane Milton on Sunday morning, shortly before sharing purported photos of dinosaurs living on Mars.
By Monday afternoon, Milton had strengthened into a Category 5 storm, and the internet conspiracies were intensifying, too. People shared videos of themselves asking their Alexas, “What kind of hurricane was Hurricane Milton?” and getting answers in the past tense — proof, surely, that the government orchestrated the whole storm. “Never ever seen a hurricane form in the western Gulf and head directly EAST… It is not right,” other users mused in the comment sections of their local weather channels. A search for “cloud seeding” on Facebook further turned up dozens of posts tracking flight paths for planes belonging to the National Oceanic and Atmospheric Administration and sharing photos of ominous-looking clouds as evidence that the “government is involved.”
Hoaxes and misinformation reliably follow extreme weather events. Pictures of Hurricane Shark have circulated on social media after pretty much every major flood since 2011, and a photoshopped image of a storm cell over the Statue of Liberty resurfaces anytime there is bad weather in New York. In the aftermath of a major disaster, it’s especially tempting for bad actors to exploit the desperation for news and images.
But Hurricane Helene — which devastated swaths of Florida up into the Appalachians just over a week ago — revealed how far this has spun out of control. For one thing, hoaxes are simpler than ever for the average person to disseminate, thanks to the availability of AI image-making tools and the degradation of content moderation on disaster-response platforms like Twitter. These conspiracies may also then be reinforced and amplified by people with an interest in making the government’s response look bad — such as the Republican candidate for president of the United States, a Georgia congressperson, and Elon Musk.
While some lies — like Deep State cloud seeding — are relatively easy to see through, many rumors are much more difficult to fact-check when power, cell service, and internet are limited. Nicole McNeill, the Asheville, North Carolina-based director of storytelling of Climate Power, told me she and many of her neighbors fell for a widespread rumor that a second storm was going to hit the western part of the state immediately after Helene. The panic the rumor sparked risked lives: She saw a fight break out in a gas line between two men who were frantically trying to get out of town, and a young couple who were renting a home nearby tried to flee and ended up on a road that was closed. “We heard later that people had to sleep in their cars,” McNeill told me. “Local police had to be diverted from emergency response to direct traffic to clear the roads so emergency vehicles could pass. Misinformation made a desperate situation worse.” McNeill herself suffered a panic attack while trying to fix the holes in her roof from trees that had fallen during Helene, all in preparation for the second storm that would never come.
While there was no merit to those manufactured claims, the truth is in some ways even more alarming: Milton is looking like a worst-case scenario storm as it bears down on Tampa Bay, and at this point, the only thing anyone can control is getting good information to the people whose lives will depend on hearing it. Forecasters are doing a great job of that already, like South Florida hurricane specialist John Morales, who let his emotions show on air and connected the storm’s intensification to climate science.
Milton isn’t due to make landfall until Wednesday, but the misinformation already circulating online will make it more challenging for early warnings from the government and local experts to be heard and trusted. That job doesn’t get any easier after a storm. To fellow hurricane survivors, McNeill warned, “If you have patchy internet and you’re at 30% battery and worried about your phone running out, you’re often making split-second decisions. That’s where misinformation gets people.”