Tens of millions of dollars from super wealthy fossil fuel donors couldn’t save the presidential campaign of Jeb Bush.
The scion of the Bush dynasty had the biggest Super PAC and received the most money from the oil, gas and coal industries, but he dropped out on February 21st after a dismal showing in the South Carolina primary.
It appears money can’t buy you everything. Especially not in this US election.
Using data from Federal Election Commission, Energydesk has revealed that ‘megadonors’ with ties to the fossil fuel industry have spent more than $100 million in this election cycle — and which presidential Super PACs have received the most money.
Political Action Committees are groups that can accept unlimited amounts of money from individuals and corporations to spend in elections so long as they don’t coordinate with an official campaign.
They were legalised in the controversial Citizens United Supreme Court ruling of 2009.
With Bush out of the race, and his $30 million haul rendered moot, Senator Ted Cruz has established himself the fossil fuel favourite.
His $25 million comes from just three donors, the two brothers Wilks and Toby Neugebauer — all Texas frackers.
Behind him is Marco Rubio, the establishment’s last hope, who last year raised $7.7 million for his Super PAC.
What follows is a list of Republican also-rans: Governors Rick Perry, Chris Christie, Bobby Jindal and Scott Walker.
The frontrunners of both parties, however, Donald Trump and Hillary Clinton, are among the least funded by fossil fuel donors.
Bernie Sanders, Clinton’s left wing rival, has made a point not to accept corporate money.
Not so super
So that’s the PACs, where most of the money goes these days, but what about the campaigns themselves?
According to Open Secrets data, Cruz also has the most fossil fuel cash directly at his disposal, with $675,000 from oil and gas employees.
The now defunct Bush campaign comes in second, and Clinton’s $227,000 puts her in third.
As you can see though, all the big bucks are in the Super PACs.