Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
jalopnik.com
President Biden calls climate change an existential threat, and his administration has finalized 100 new environmental regulations aimed at cutting air pollution, greenhouse gas emissions and more, despite oil companies spending $400 million to lobby for Biden last year. At this dinner, Trump vowed to auction off more leases for oil drilling in the Gulf of Mexico on day one of his presidency, should he get elected. He also vowed to immediately end Biden’s freeze on liquified natural gas (LNG) exports and said he would reverse restrictions on drilling in the Alaskan Arctic, several hot-button topics holding oil companies back from potentially earning billions of dollars.As Donald Trump sat with some of the country’s top oil executives at his Mar-a-Lago Club last month, one executive complained about how they continued to face burdensome environmental regulations despite spending $400 million to lobby the Biden administration in the last year.
Trump’s response stunned several of the executives in the room overlooking the ocean: You all are wealthy enough, he said, that you should raise $1 billion to return me to the White House. At the dinner, he vowed to immediately reverse dozens of President Biden’s environmental rules and policies and stop new ones from being enacted, according to people with knowledge of the meeting, who spoke on the condition of anonymity to describe a private conversation.
Giving $1 billion would be a “deal,” Trump said, because of the taxation and regulation they would avoid thanks to him, according to the people.
Trump’s remarkably blunt and transactional pitch reveals how the former president is targeting the oil industry to finance his reelection bid. At the same time, he has turned to the industry to help shape his environmental agenda for a second term, including the rollbacks of some of Biden’s signature achievements on clean energy and electric vehicles.”