BANKS RALLY SMALL BIZ TO CREDIT CARD FIGHT: The Electronic Payments Coalition, whose members include financial institutions and credit card networks, has rallied a new coalition of small businesses to support their bid to tank Sen. Dick Durbin (D-Ill.) and Roger Marshall’s (R-Kan.) swipe fees bill. — The newly formed Small Business Payments Alliance are on the Hill this week to argue that Durbin and Marshall’s bill, which is aimed at diluting Visa and Mastercard’s dominance of the credit card market, would primarily benefit the big box retailers that support it, while leaving smaller businesses with new compliance burdens and potentially less business if credit card rewards programs take a hit. — As part of the new coalition’s launch, a Harlem fitness studio owner and Brooklyn boutique owner were set to meet today with the offices of Senate Majority Leader Chuck Schumer, Sen. Kirsten Gillibrand (D-N.Y.) and Rep. Adriano Espaillat (D-N.Y.) and the owner of an apartment management company from Greenville, S.C. was slated to meet with the offices of Sens. Lindsey Graham (R-S.C.) and Tim Scott (R-S.C.) and Rep. William Timmons (R-S.C.). An Atlanta business owner was also scheduled to meet with the offices of Sens. Jon Ossoff (D-Ga.) and Raphael Warnock (D-Ga.), while other small business owners had meetings on the books with members from Texas and Michigan, according to the coalition. HOW EMIRATI OIL GIANT SOUGHT TO BUFFER CLIMATE CRITICS: “The actions and plans of the United Arab Emirates petroleum company that [Sultan Ahmed] al-Jaber heads are raising questions about his agenda as he prepares to lead a global debate about turning away from fossil fuels,” our Corbin Hiar reports. — “Over the next five years, the Abu Dhabi National Oil Co. has committed to spending $150 billion as part of an effort to expand its oil and gas operations, which last year dumped more planet-warming gases into the atmosphere than over 130 countries.” — “Meanwhile, a ‘high’ probability exists that the company will fail to deliver on its promises to eliminate effectively those emissions within a couple of decades, according to an internal communications strategy document from December 2022 obtained by POLITICO's E&E News.” — “Al-Jaber’s competing priorities offer just one example of the challenge facing the climate talks that begin this month in Dubai, the commercial capital of the UAE,” and “the internal strategy document sheds new light on the company’s efforts to brace for” anticipated backlash to his role leading the climate talks. — “The previously undisclosed document, each page of which is labeled ‘strictly confidential,’ outlines efforts to downplay the company’s plans to expedite drilling while promoting its forays into capturing carbon and planting mangroves. That’s on top of the UAE government’s own extensive public relations and lobbying effort to build its — and al-Jaber’s — image as environmental leaders, a campaign that E&E News chronicled earlier this year.” ANNALS OF FUNDRAISING: “Employees of the little-known Brooklyn construction firm hadn’t donated to local political races going back more than a decade. Then all of a sudden they became heavy donors to Eric Adams’ campaign for mayor,” our Janaki Chadha reports. — “Now the firm, KSK Construction Group, is tied up in a federal probe into Adams’ 2021 campaign fundraising after 11 people who listed KSK as their employer wrote sizable checks to his campaign, a review of records shows.” — “About $14,000 in donations by executives and staff at the firm are part of a public corruption investigation into whether Adams’ 2021 mayoral campaign was involved in a straw donor scheme to funnel money from the Turkish government through the company, according to The New York Times.” — “Almost a dozen people affiliated with the firm, which reportedly has ties to Turkey, each gave between $1,200 and $1,500 to the campaign on a single day in May 2021, a review of campaign finance reports showed. The contributions allowed Adams’ campaign to qualify for $18,000 in public matching funds. For nearly all of the individuals, the donations appear to be their first-ever political contributions.” SAM ALTMAN’S MONEY MOVES: OpenAI CEO Sam Altman is weighing throwing his support behind Rep. Dean Phillips’ (D-Minn.) insurgent primary campaign against President Joe Biden in a major way, Puck’s Teddy Schleifer reports. Though Altman wrote a $200,000 check this year to support Biden, the powerful AI exec has reportedly been bearish on Biden’s reelection prospects since last year and met Friday with Phillips. — “Phillips’s people seem to have gotten the impression over the last few weeks that Altman is fully on board — one Phillips campaign adviser told me that Altman would be ‘integral,’ even ‘embedded’ in the operation,” though Altman “hasn’t yet committed to anything beyond spending more time with Phillips over the coming weeks and giving his candidacy serious consideration.” — “‘Sam is intrigued,’ said a person familiar with his thinking. ‘I don’t know what it will actually pan out into. Sam is very worried that Trump is going to get elected. That’s where he’s coming from.’”
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