Dow Halts Political Donations to Biden Certification Opponents

(Bloomberg) -- Dow Inc. is halting campaign contributions by its political action committees to members of Congress who voted to object to the certification of the U.S. presidential election.
The suspension will remain in place for one election cycle, meaning it will last two years for lawmakers in the House of Representatives and six years for senators, the chemical maker said in an email Monday. The ban includes contributions to candidates’ re-election committees and affiliated PACs, Dow said.
“Dow is committed to the principles of democracy and the peaceful transfer of power,” the Midland, Michigan-based company. “Our values -- integrity, respect for people, and protecting our planet -- are the foundation on which we stand and our values guide our political contributions.”
The decision goes a step beyond actions taken by banking giants such as Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co., which said they planned to pause political contributions in the aftermath of riots at the Capitol in the past week. Marriott International Inc. said it would suspend donations to Republican senators who voted against certifying President-elect Joe Biden, following the “destructive events” on Jan. 6.
Dow’s move was reported earlier by the website Popular Information.
© 2021 Bloomberg L.P.
- Is There a Danger That Oil and Gas Runs out of Financing?
- Analyst Flags USA-Made Oil, Gas Field Machinery Order Trend
- ConocoPhillips Preempts TotalEnergies' Sale of Surmont
- Canada Gas Output Rebounds as Wildfires Subside: S&P Global
- Saudi Net Reserves Fall to $410B
- North America Rig Count Reduction Rumbles On
- UK Opposition Reportedly Planning to Block Further North Sea Developments
- Fossil Fuel Supply Spending to Rise Six Percent in 2023: IEA
- ROK's Debt Down Over Four Times at $8.3MM
- Eni Eyes Refueling Partners as Market for Its Biodiesel
- Who Is the Most Prolific Private Oil and Gas Producer in the USA?
- ExxonMobil Sells Williston Assets
- Half of Oil and Gas Workers Find Their Work Exhausting
- Machine Learning Has Potential to Transform Oil and Gas
- Speculative Positioning in Crude Back to March Bearish Extreme
- USA Extends Wind-Down Window for Companies with Venezuela Assets
- Riled on Nord Stream Probe, Russia Summons European Envoys
- North Sea to See Record Strike Action in June
- China Solar Exports Grow to $52B
- Saudi Arabia Snaps Up Russian Diesel and Sends Its Own to Europe
- Who Is the Most Prolific Private Oil and Gas Producer in the USA?
- USA EIA Slashes 2023 and 2024 Brent Oil Price Forecasts
- BMI Reveals Latest Brent Oil Price Forecasts
- OPEC+ Has Lots of Dry Powder for Further Cuts
- Are Oil and Gas Professionals Worried About AI?
- Could the Oil Price Crash in 2023?
- BMI Projects Gasoline Price Through to 2026
- Invictus Strikes Oil, Gas in Zimbabwe
- TechnipFMC Bags Exxon Deal Worth At Least $500MM
- Current Oil Price Pullback Wrapped Into Recession Fears