A report, shared exclusively with the Guardian, provides a snapshot of industry’s involvement in some of the country’s most controversial fossil fuel investments
sectorStephen Schwarzman, chief executive and founder of Blackstone Group and the world’s 34th richest man according to Forbes, is a major Republican donor who has personally contributed to Donald Trump, Mitch McConnell and former Georgia senator Kelly Loeffler who supported overturning the 2020 presidential result. in assets, co-owns one of America’s dirtiest coal plants, the General James Gavin power station in Ohio.
Democratic candidates have also benefited from fossil fuel investors. Adebayo Ogunlesi, founder and managing partner of Global Infrastructure Partners , has donated to Barack Obama and Joe Manchin, the coal-friendly West Virginia senator currently blocking Biden’s climate spending bill, Build Back Better.
Ogunlesi, who is the senior director of Goldman Sachs and has sat on various boards at Harvard University, served alongside Blackstone’s Schwarzman on Trump’s business advisory council, which was abandoned after the former president described white supremacist protesters in Charlottesville as “very fine people”.
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