August 31, 2022/Media, Press

Budd Fundraises With Big Oil

Corrupt Congressman Ted Budd continues to show North Carolina voters exactly where his priorities stand – putting the interests of his corporate backers ahead of working families. Tonight, he’s hosting a private fundraiser with Continental Resources PAC, the major fossil fuel company’s political action committee that contributed to Budd’s campaign just ONE day before he voted against legislation that would hold big oil companies accountable for price gouging and help to lower prices at the pump for consumers. 

“Congressman Budd is fundraising with Big Oil while opposing every effort to bring down gas prices for North Carolinians,” said NCDP spokesperson Kate Frauenfelder. “It’s yet another example of Ted Budd  rewriting the rules to help himself and the corporate donors backing his campaign at the expense of North Carolinians.” 

Budd has repeatedly “sided with oil and gas industry donors over the interests of his constituents.” 

American Independent: Ted Budd took oil company donation one day before voting against gas price-gouging ban

  • Rep. Ted Budd (R-NC), his party’s nominee for Senate this November, voted in May against a bill to prohibit price gouging by oil and gas companies. Just one day earlier, he took the legal maximum contribution from a major fossil fuel company’s political action committee.
  • But in May, Budd and every other House Republican voted against the Consumer Fuel Price Gouging Prevention Act, which would bar energy companies from “exploiting the circumstances related to an energy emergency to increase prices unreasonably.” The bill passed in the House of Representatives on May 19, on a mostly party-line vote of 217-207. It is now awaiting action in the Senate, where the Republican minority can block it through the filibuster.
  • One day before Budd cast his no vote, Continental Resources Inc. Political Action Committee — the political arm of a major energy company — gave the legal maximum of $5,000 to Budd’s campaign, according to Federal Election Commission disclosure forms.
  • This is not the first time Budd has sided with oil and gas industry donors over the interests of his constituents.
  • On Sept. 11, 2019, he voted against a ban on offshore drilling along the Atlantic coast. The legislation — which passed in the House, but was killed by the then-GOP majority in the Senate — would have protected North Carolina’s coastal communities.
  • A week after that vote, Budd accepted $2,000 from Marathon Petroleum’s PAC. 

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