Two fossil-fuel billionaires with close ties to Donald Trump bought millions of shares in the company they co-founded just days after a meeting with senior White House officials, who then issued a key regulatory permit that helped expand the company’s fortunes in Europe.
Robert Pender, an energy lawyer, and Michael Sabel, a former investment banker, are the founders and co-chairs of Venture Global, a Virginia-based company that develops and operates liquefied natural gas (LNG) export terminals.
Sabel was among about 20 people who attended an event in April 2024 at Trump’s private club, Mar-a-Lago, when he reportedly requested $1bn in campaign donations from the fossil fuel industry in return for favorable legislation. Venture Global was among the “top donors” to Trump’s inauguration, donating $1m, according to the Wall Street Journal.
On his first day back in the White House, Trump issued an executive order rolling back regulations to favor fossil fuel production, including LNG export licences, while revoking existing climate and clean energy policies.
Energy Glance
International Atomic Energy Agency (IAEA) Director General Rafael Grossi said on Friday that an IAEA team is “crisscrossing” Ukraine to assess the security of the country’s nuclear substations, as Russia continues to target Ukraine’s energy infrastructure.
The Trump administration on Thursday announced new oil and gas drilling off California’s and Florida’s coasts, setting the stage for a political showdown – including with Sunshine state Republicans who have largely opposed petroleum development in the Gulf of Mexico.
There are now three remaining deceased hostages in Gaza, following Thursday's return of the body of Meni Goddard. Israeli authorities have been releasing the bodies of Palestinians in exchange for the return of hostage remains.
Russia bombarded Ukrainian cities with 705 missiles and drones overnight into Thursday, according to Ukraine's air force, with Ukrainian President Volodymyr Zelenskyy reporting strikes on civilian targets and energy infrastructure all across the country.





























