Wealth of US ‘oil-garchs’ went up 15% in nine months as industry figures plan Trump inauguration party

Oil and gas firms have given more than $75m to Trump's campaign and stand to benefit from his drill, baby drill' plan

As Joe Biden warns in his farewell address as president that an oligarchy is taking shape in America", a new report reveals that US fossil fuel billionaires' wealth increased by 15% over the past nine months. Some of those wealthy figures will be at parties in DC celebrating Trump's inauguration on Monday and expecting further rewards for his drill, baby, drill" energy agenda.

The report from the research group Climate Accountability Research Project (Carp) comes just days ahead of climate denier Donald Trump's second presidential inauguration, which oil and gas representatives and Trump donors plan to celebrate at a swanky industry party in Washington DC.