Study: Trump’s Offer To Big Oil Could Save Them $110B

The Guardian reports:

A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1 billion in campaign donations could save the industry $110 billion in tax breaks if he returns to the White House, an analysis suggests.

The fundraising dinner held last month at Mar-a-Lago with more than 20 executives, including from Chevron, Exxon and Occidental Petroleum, reportedly involved Trump asking for large campaign contributions and promising, if elected, to remove barriers to drilling, scrap a pause on gas exports, and reverse new rules aimed at cutting car pollution.

Congressional Democrats have launched an investigation into the “ethical, campaign finance and legal issues” raised by what one Democratic senator called an “offer of a blatant quid pro quo”, while a prominent watchdog group is exploring whether the meeting warrants legal action.

Read the full article.

Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds https://t.co/fSlDaZXJZn

— Guardian news (@guardiannews) May 16, 2024