Kelcy Warren, a major donor to Donald Trump’s 2024 presidential campaign, has seen significant benefits for his company, Energy Transfer Partners, since Trump’s win. While Biden’s policies aimed to boost renewable energy, they also raised concerns among oil and gas companies about moving towards a net-zero world. Trump’s actions, including lifting restrictions on liquefied natural gas exports, have notably favored Energy Transfer Partners, resulting in increased profits and business opportunities for the company.
Warren, a billionaire with strong ties to the GOP, has leveraged his wealth to support Trump and the energy sector. The reconciliation bill, dubbed the “One Big Beautiful Bill,” is expected to further benefit Energy Transfer Partners by reducing incentives for renewable energy and introducing provisions that favor fossil fuel companies. These provisions include tax breaks and streamlined processes for energy infrastructure projects, aligning with Warren’s interests in the energy sector.
Under Trump’s administration, Energy Transfer Partners is projected to benefit from reduced pipeline safety compliance enforcement, potential savings from a lawsuit against the PHMSA, and exemptions from certain tariffs. These policies, coupled with the supportive regulatory environment created by Trump, have positioned Energy Transfer Partners for continued success. Warren’s alignment with Trump’s energy proposals and his strategic support for the GOP reflect his focus on advancing the interests of the energy industry, particularly in the face of evolving energy policies and competition in the market.