Trump promises favors to oil tycoons in exchange for a billion dollars for his campaign

Trump promises favors to oil tycoons in exchange for a billion dollars for his campaign
Trump promises favors to oil tycoons in exchange for a billion dollars for his campaign

Faced with financial difficulties aggravated by his legal troubles, Donald Trump is actively looking for ways to finance his presidential campaign. He recently sought financial support from oil industry leaders, promising them regulatory benefits in exchange for $1 billion for his campaign.

Written by NP – Monday May 13, 2024 at 1:26 p.m.

During a meeting at Mar-a-Lago in Florida, reported by the Washington Post via anonymous sources, Donald Trump met with executives of major companies such as Venture Global, Cheniere Energy, Chevron, Exxon, and Occidental Petroleum.

During that meeting, Trump promised to dismantle several environmental regulations put in place by the Biden administration, which were seen as obstacles by the oil industry, in exchange for contributing $1 billion to his election campaign.

Promises include quickly issuing permits for drilling in the Gulf of Mexico and Alaska, as well as revoking some standards favoring electric vehicles and unfreezing permits for new exports of liquefied natural gas.

These commitments from Trump were made with the explicit goal of securing significant financial support for his campaign, while in return offering tax and regulatory relief that could benefit these companies in the long term.

No public confirmation of these exchanges was made by the meeting participants.

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