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The Guardian - US
The Guardian - US
Business
Andy Rowell and Nina Lakhani

Fossil-fuel billionaires bought up millions of shares after meeting with top Trump officials

a man in a suit speaks while seated on stage
Robert Pender, one of the co-founders of Venture Global, speaks at the CERAWeek conference in Houston in March 2019. Photograph: F Carter/Bloomberg via Getty Images

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.

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