WASHINGTON — The energy industry and some of its executives have contributed more than $1 million to President Bush's inauguration fund, the committee handling the festivities reported Friday.
In all, 26 donors gave more than $4.5 million.
Occidental Petroleum Corp., whose business stands to benefit from the president's actions in regard to Libya, donated $250,000, as did Exxon Mobil, the world's largest publicly traded oil company. Exxon Mobil reported record third-quarter profits, thanks to higher prices for oil and natural gas.
In April, Bush took steps to restore normal trade and investment ties with Libya, enabling four American oil companies, including Occidental, to resume commercial activities there after an 18-year absence.
Bush's action was a reward to Moammar Kadafi for eliminating his most destructive weapons programs.
Other donors from the energy sector included Texas oilman T. Boone Pickens, who gave $250,000; and former Enron President Richard Kinder, who left the firm five years before it collapsed and now is CEO of one of the largest energy transportation and storage companies in the country. Kinder also gave $250,000.