Former President Donald Trump recommended oil and fuel executives donate $1 billion to his campaign at a dinner at Mar-A-Lago last month as he proposed a rollback of environmental regulations enacted by President Joe Biden, according to multiple reports, and campaign finance data reflects the industry. he’s already making it clear that Trump is his preferred candidate.
The oil and fuel industry has donated $7. 3 million this election cycle to Trump’s campaign and outdoor groups supporting his candidacy, according to OpenSecrets, citing documents filed with the Federal Election Commission as of April 22, compared with $537,000 to help Biden. which is more than part of the expense. The $13 million awarded to presidential candidates in this election cycle.
Trump’s former rivals, former South Carolina Gov. Nikki Haley and political teams supporting his candidacy also earned $3 million, while Florida Gov. Ron DeSantis and political teams supporting him earned $1. 3 million.
At the dinner, Trump promised that he would lift the moratorium on export permits for liquefied vegetable fuels on his “first day” in office, that he would rescind limitations imposed by the Biden administration on drilling in the Alaskan Arctic, and that he would pave the way for more drilling in the Gulf of Mexico, the Washington Post reported. citing sources familiar with the meeting.
Trump then advised that he be compensated for the industry-friendly proposals in the form of a $1 billion donation to his campaign, which he said would be a “deal” on the benefits it would bring to the industry.
The industry particularly increased its contributions to Trump’s crusade in 2020 ($14. 9 million), compared to what it gave in 2016 ($1 million), after he passed a series of industry-friendly policies, adding the appointment of then-ExxonMobil CEO Rex Tillerson. as secretary of state, allowing drilling in Alaska’s Arctic National Wildlife Refuge (which Biden revoked), speeding up the appropriations review procedure under the National Environmental Policy Act, and ultimately rescinding more than a hundred environmental regulations, according to a 2021 report. Analysis by the New York Times.
96%. That’s the percentage of donations from the oil and fuel industry to Republicans this election cycle, up from 84% in 2020.
“Biden is constantly casting a blanket of rain on the oil and fuel industry,” Dan Eberhart, a Trump donor and CEO of the Canary oil company, told the Washington Post. “Trump’s ‘child drilling’ philosophy aligns much more with the oil sector than Biden’s. Technique for green energy. It’s obvious.
Trump raised the option of deploying a similar counterpart tactic with the oil industry in his 2020 crusade, hypothetically suggesting at a crusade rally in Arizona that he might simply be offering entry permits to Exxon in exchange for a $25 million donation. “I don’t need to do that. Because if I do, I’m fully committed,” he said at the time.
Biden has taken more than 300 steps to combat climate change, keep the environment and promote public health and energy in white, according to research by a coalition of conservation groups, adding the cancellation of the questionable allocation of the Keystone XL pipeline and the passage of a number of provisions. to increase blank energy production under its flagship climate law, the Inflation Reduction Act. Despite those policies, many of which won’t have an effect on the industry for years to come, U. S. oil and fuel production has hit an all-time high under Biden, as a manufacturer, has greater power and costs have risen since the Russia-Ukraine war halted the global energy market.
Trump delivered the controversial speech in front of about two dozen industry executives, according to the Post, adding Jack Fusco, chief executive of Cheniere Energy, Mike Sabel, chief executive and founder of Venture Global, and other aides from Chevron, Exxon, Continental Resources and Occidental. In addition to rolling back drilling regulations, Trump has also come forward to oppose Biden’s push for more EV manufacturing. Trump’s fundraising crusade comes as Biden beats him in the cash game and Trump’s political operation has spent tens of millions to pay for his legal expenses. fees in your criminal and civil cases.
Donald Trump is the most sensible choice of president of the oil and fuel industry (Bloomberg)
‘A little ambitious, rude’: Oil industry drafts executive orders Trump will have to signal (Politico)
At a dinner, Trump attacked climate regulations and demanded $1 billion from big oil corporations (New York Times)
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