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May 10, 2024

What Trump promised oil CEOs as he asked them to steer $1 billion to his campaign

Donald Trump has pledged to scrap President Biden’s policies on electric vehicles and wind energy, as well as other initiatives opposed by the fossil fuel industry

Trump’s remarkably blunt and transactional pitch reveals how the former president is targeting the oil industry to finance his reelection bid. At the same time, he has turned to the industry to help shape his environmental agenda for a second term, including rollbacks of some of Biden’s signature achievements on clean energy and electric vehicles. The contrast between the two candidates on climate policy could not be more stark. Biden has called global warming an “existential threat,” and over the last three years, his administration has finalized more than 100 new environmental regulations aimed at cutting air pollution and greenhouse gas emissions, restricting toxic chemicals, and conserving public lands and waters. In comparison, Trump has called climate change a “hoax,” and his administration weakened or wiped out more than 125 environmental rules and policies over four years.

• https://wapo.st/3UARA3p (public view)

• https://www.washingtonpost.com/politics/2024/05/09/trump-oil-industry-campaign-money/ (subscription)

Trump teams up with Big Oil in push to dismantle Biden's green agenda

According to Josh Dawsey and Maxine Joselow of the Washington Post, last month at Mar-a-Lago, Trump told about two dozen top oil executives that if they gave him $1 billion to get reelected, he would immediately reverse the environmental regulations the Biden-Harris administration has put into place and stop any new ones. A $1 billion gift would be a “deal,” according to Trump, because the tax cuts he plans to enact and the regulatory cuts would be worth far more than that. Since then, Ben Lefebvre wrote yesterday in Politico, oil executives have been drawing up executive orders that Trump can sign as soon as he takes office.

• https://www.axios.com/2024/05/10/trump-oil-industry-fossil-fuels-biden

Trump promised to scrap climate laws if US oil bosses donated $1bn – report

Trump promised to 20 executives at Mar-a-Lago dinner to increase oil drilling and reverse pollution rules...

Donald Trump dangled a brazen “deal” in front of some of the top US oil bosses last month, proposing that they give him $1bn for his White House re-election campaign and vowing that once back in office he would instantly tear up Joe Biden’s environmental regulations and prevent any new ones, according to a bombshell new report. According to the Washington Post, the former US president made his jaw-dropping pitch, which the paper described as “remarkably blunt and transactional”, at a dinner at his Mar-a-Lago home and club.

In front of more than 20 executives, including from Chevron, Exxon and Occidental Petroleum, he promised to increase oil drilling in the Gulf of Mexico, remove hurdles to drilling in the Alaskan Arctic, and reverse new rules designed to cut car pollution. He would also overturn the Biden administration’s decision in January to pause new natural gas export permits which have been denounced as “climate bombs”. “You’ll get it on the first day,” Trump said, according to the Post...

• https://www.theguardian.com/us-news/article/2024/may/09/trump-oil-ceo-donation

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More re: Climate Change at GreenPolicy360

• https://greenpolicy360.net/w/Responding_to_Denial_of_Climate_Science

• https://www.greenpolicy360.net/w/Environmental_Law,_Rollbacks_under_Trump_2016-20

Environmental Law at GreenPolicy360

Environmental protection

• https://www.greenpolicy360.net/w/Category:Environmental_Laws | Environmental Laws

• https://greenpolicy360.net/w/Earth_Science_Research_from_Space | Decades of Environmental, Climate Science & Green Politics

• https://www.greenpolicy360.net/w/Ethics_and_Climate_Change - https://www.greenpolicy360.net/w/Category:Eco-ethics | Eco-ethics

• https://www.greenpolicy360.net/w/New_Definitions_of_National_Security | New Definitions of National Security

• https://www.greenpolicy360.net/w/Category:Strategic_Demands | Strategic Demands

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