Fossil-fuel billionaires bought up millions of shares after meeting with top Trump officials

The GuardianThursday, December 4, 2025 at 12:00:21 PM
Fossil-fuel billionaires bought up millions of shares after meeting with top Trump officials
  • Two fossil-fuel billionaires, Robert Pender and Michael Sabel, purchased millions of shares in Venture Global shortly after meeting with senior Trump administration officials, who subsequently issued a crucial regulatory permit that benefited the company’s expansion in Europe. The timing of these transactions has raised ethical concerns regarding potential conflicts of interest.
  • The acquisition of shares by Pender and Sabel is significant as it reflects their confidence in Venture Global's future, particularly following the regulatory approval that could enhance the company's market position in the liquefied natural gas sector.
  • This incident highlights ongoing debates about the intertwining of politics and business, particularly in the fossil fuel industry, where Trump's administration has been criticized for prioritizing energy production over environmental concerns, raising alarms among environmentalists about the long-term implications for climate policy.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Almost half of Americans say cost of living is ‘worst it’s ever been’, new poll finds – live
NegativeWorld Affairs
A recent poll indicates that nearly half of Americans believe the cost of living is at its worst, a sentiment echoed by President Trump, who dismissed concerns as a 'fake narrative' created by Democrats. This perception of economic hardship is compounded by rising prices and unemployment, leading many to cut back on holiday spending.
Arrest reportedly made in attempted pipe bomb attack in lead-up to January 6 US Capitol riot
NeutralWorld Affairs
US authorities have arrested an individual in connection with the pipe bombs placed outside the headquarters of the Democratic and Republican parties in Washington DC on January 5, 2021, the night before the Capitol riot. The explosive devices were intended to create chaos as a mob of Donald Trump’s supporters stormed Congress the following day to disrupt the certification of Joe Biden's election victory.
Ilhan Omar condemns ‘creepy’ Donald Trump’s attack on Somali communities
NegativeWorld Affairs
President Donald Trump has intensified his criticism of Somali-Americans, claiming that Somali immigrants have 'destroyed our country' during a recent cabinet meeting. This statement follows a series of derogatory remarks he has made about the Somali community, including calling them 'garbage' and suggesting they should return to their homeland.
Revealed: Myanmar junta ‘crony’ given key role behind Fifa peace prize
NegativeWorld Affairs
FIFA has announced the establishment of a peace prize, with the inaugural award expected to be presented to Donald Trump, amidst concerns regarding the involvement of a controversial figure linked to Myanmar's junta in the selection process. This announcement coincided with a meeting between FIFA President Gianni Infantino and Trump, raising eyebrows about the motivations behind the prize's creation.
Half of Europeans see Trump as enemy of Europe, survey finds
NegativeWorld Affairs
A recent survey conducted across nine European countries revealed that nearly half of respondents view Donald Trump as an enemy of Europe, with a significant portion expressing concern over the high risk of war with Russia. Additionally, three-quarters of those surveyed indicated a desire for their countries to remain in the EU, with many believing that the UK's departure has had negative consequences.
Lawmakers decry Trump’s immigration halt for 19 countries: ‘scapegoating entire nationalities’
NegativeWorld Affairs
Immigration groups and lawmakers are criticizing President Donald Trump's decision to halt immigration applications from 19 countries already under U.S. travel restrictions, following a shooting incident that injured two National Guard members. This policy memo from U.S. Citizenship and Immigration Services includes an immediate hold on asylum applications from all nationalities, raising concerns about the implications for those seeking refuge in the U.S.
Ghislaine Maxwell to seek release from prison: court filing
NeutralWorld Affairs
Ghislaine Maxwell has filed a petition seeking her release from prison, a move that follows the recent signing of a law by President Donald Trump mandating the release of records related to Jeffrey Epstein. This legal action highlights ongoing concerns regarding transparency and accountability in high-profile cases involving Epstein's associates.
Trump says he will repeal Biden-era fuel efficiency standards for cars and trucks
NegativeWorld Affairs
President Donald Trump announced the repeal of federal fuel economy standards established during the Biden administration, which significantly weakens fuel efficiency requirements for new gasoline-powered vehicles. This move is part of Trump's broader agenda to dismantle pollution regulations and promote traditional fuel sources.