The U.S. Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member, Senator Elizabeth Warren, issued a statement ahead of President Donald Trump’s White House meeting with representatives of the largest U.S. oil companies and other domestic producers, urging the administration not to provide what she described as billions in taxpayer-funded handouts to the sector. Warren argued that voters wanted lower costs and warned against U.S. military action against Venezuela, while calling on oil executives to commit that they will not seek or accept taxpayer subsidies or special favors from the White House.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-01-09
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Warren urges Trump to avoid taxpayer subsidies for Big Oil ahead of White House meeting
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, urged the Trump administration not to offer taxpayer-funded subsidies to U.S. oil companies ahead of a White House meeting with industry representatives. She emphasized voter demand for lower costs and cautioned against military action in Venezuela, calling on oil executives to reject subsidies or special favors.