Trump Asked Oil Industry CEOs for $1 Billion to Defeat Biden

( — Presumptive Republican presidential nominee Donald Trump last month met with several of the top US oil executives at Mar-a-Lago, where he decried the burdensome regulations the Biden administration has imposed on the fossil fuel industry and suggested that they help him raise $1 billion to return to the White House.

At a dinner held in April, Trump vowed to rescind dozens of Biden’s climate change regulations and policies if he returned to the White House in January, according to sources familiar with the meeting.

The former president suggested that raising $1 billion for his campaign would be a bargain considering the savings the fossil fuel industry would receive through tax cuts and deregulations, the sources said.

In recent months, the Biden administration has scrambled to rescind more of the executive orders Trump signed on the environment to replace them with more green-friendly alternatives.

According to an analysis conducted during Biden’s first year in office, the administration reversed 27 executive actions taken by Trump that affected the fossil fuel industry and replaced them with at least 24 new executive actions.

Most recently, the Biden Department of Interior in April blocked oil drilling on 13 million acres in the Alaskan Arctic.

Trump told the oil executives that he would lift the Biden administration’s pause on permits for natural gas exports and vowed to restart the permits “on the first day.”

According to the guest list, approximately two dozen oil executives attended the dinner at Mar-a-Lago, including Cheniere Energy CEO Jack Fusco and Venture Global founder and CEO Mike Sabel. Executives from Exxon, Chevron, Continental Resources, and Occidental Petroleum were also in attendance.

The former president also said he would auction off more leases for offshore drilling in the Gulf of Mexico while reversing restrictions on drilling in Alaska.

Trump also vowed to do away with the Biden administration’s electric vehicle mandates and the regulations requiring auto manufacturers to reduce emissions, which he described as “ridiculous.”

Copyright 2024,