Trump vows to target EVs, LNG exports in meeting with oil chief executives, report says – 05/09/2024 at 9:36 p.m.

Trump vows to target EVs, LNG exports in meeting with oil chief executives, report says – 05/09/2024 at 9:36 p.m.
Trump vows to target EVs, LNG exports in meeting with oil chief executives, report says – 05/09/2024 at 9:36 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Adds no comment to paragraph 4, company stock symbols to paragraph 3)

Republican presidential candidate Donald Trump vowed to roll back dozens of Biden administration environmental rules and policies during a meeting with top U.S. oil executives, where he also asked them to raise $1 billion dollars for his presidential campaign, the Washington Post reported Thursday.

The Post, citing unidentified sources with knowledge of the meeting held last month in Florida, said Mr. Trump had promised to end President Joe Biden’s emissions rules aimed at promoting electric vehicles and ending the Biden administration’s freeze on liquefied natural gas export permits, among other actions.

According to the report, Mr. Trump told business leaders that the $1 billion payout would be a “deal” for them. Among the guests were the managing directors of Venture Global, Cheniere Energy LNG.N as well as representatives of Chevron CVX.N, Continental Resources, Exxon

XOM.N and Occidental Petroleum OXY.N, according to the report.

Representatives for Mr. Trump’s campaign did not respond to a request for comment. Representatives for Exxon said they had no details to share, while representatives for the other companies did not respond to requests for comment.

Trump, who is set to face Biden in the November 5 presidential election, has vowed to undo much of the work the Democratic president has done in the fight against climate change.

Mr. Biden has touted his administration’s efforts to combat climate change – including rules on tailpipe emissions – as good for both the environment and the economy, which is a factor in his re-election campaign.

At the meeting at Mr. Trump’s private club, the Republican presidential nominee also said he would auction off more leases for oil drilling in the Gulf of Mexico and cancel restrictions on drilling in Arctic Alaska, the Post reported. He also reiterated his complaints about wind power.

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