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Trump asks oil companies to raise $1B, vows rollback of Biden’s green policies

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Former President Donald Trump is reportedly attempting to use financial backing from major players in the oil industry to aid his reelection bid. In exchange, Trump is promising to dismantle many of the environmental policies implemented by President Joe Biden.

According to sources cited by The Washington Post, Trump vowed to overturn current emissions regulations designed to promote electric vehicles if he is reelected.

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This alleged commitment came during a meeting last month in Florida with top executives from leading U.S. oil companies, including Chevron, Exxon, Occidental Petroleum and more. To make it happen, Trump is asking for substantial financial support to support his presidential campaign. He requested that these oil companies donate $1 billion. As part of his fundraising efforts, Trump also signaled a willingness to consider several other concessions to the oil industry.

These overtures include reversing the freeze on permits for new liquefied natural gas exports, increasing lease auctions for oil drilling in the Gulf of Mexico and lifting drilling restrictions in the Alaskan Arctic.

Emphasizing the regulatory and tax relief that oil companies would gain under his administration, Trump referred to his billion-dollar proposal as a “deal.” For some in the industry, it may be just that considering what some Big Oil players spent to push back against Biden’s environmental regulations.

During the meeting, one oil industry executive allegedly complained about continued frustration with the current administration’s green agenda, despite spending $400 million to lobby the White House in the last year alone.

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[JACK AYLMER]

TRUMP WANTS BACK IN THE WHITE HOUSE, AND IF RE-ELECTED HE’LL BE LEAVING MANY OF BIDEN’S ENVIRONMENTAL POLICIES AT THE DOOR.

[FMR. PRESIDENT TRUMP]

We’re going to drill baby drill

[JACK AYLMER]

HE JUST NEEDS BIG OIL TO PAY UP AND HELP.

ACCORDING TO THE WASHINGTON POST, TRUMP HAS VOWED TO END THE CURRENT RULES AROUND EMISSIONS AIMED AT PROMOTING ELECTRIC VEHICLES.

THIS PROMISE WAS REPORTEDLY MADE DURING A MEETING LAST MONTH WITH TOP U.S. OIL EXECUTIVES.

IN EXCHANGE FOR THE ROLLBACK, TRUMP WANTS THESE COMPANIES TO RAISE ONE BILLION DOLLARS FOR HIS PRESIDENTIAL CAMPAIGN.

AS PART OF THE FORMER PRESIDENT’S ATTEMPT TO PROCURE THOSE FUNDS, HE ALSO INDICATED A NUMBER OF OTHER CONCESSIONS TO BIG OIL WERE ON THE TABLE.

THIS WOULD INCLUDE REVERSING THE CURRENT FREEZE ON PERMITS FOR NEW LIQUEFIED NATURAL GAS EXPORTS-

MORE LEASE AUCTIONS FOR OIL DRILLING IN THE GULF OF MEXICO-

AND A REMOVAL OF DRILLING RESTRICTIONS IN THE ALASKAN ARCTIC.

TRUMP ALLEGEDLY CALLED THE BILLION DOLLAR PROPOSAL A QUOTE “DEAL,” BECAUSE OF THE REGULATIONS THE OIL INDUSTRY WOULD AVOID THANKS TO HIM.

AND IT JUST MIGHT ACTUALLY BE A BARGAIN FOR THEM.

ONE OIL INDUSTRY EXEC IS SAID TO HAVE COMPLAINED ABOUT CONTINUED FRUSTRATION WITH BIDEN’S ENVIRONMENTAL POLICIES-

DESPITE SPENDING 400 MILLION DOLLARS TO LOBBY THE WHITE HOUSE IN THE LAST YEAR ALONE.

JACK AYLMER – STRAIGHT ARROW NEWS.