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Former President Trump asked oil and gas industry executives to donate $1 billion to his presidential campaign and promised to roll back dozens of environmental regulations enacted by the Biden administration if elected in November. did. washington post I reported this week.
President Trump made his pitch to executives at a conference in Mar-a-Lago, Florida, last month, which also included Cheniere Energy Venture Global CEO Mike Sabel (LNG) CEO Jack Fusco and Chevron representatives (CVX), Continental Resources, Exxon Mobil (XOM) and Occidental Petroleum (Oxy), by report.
In particular, President Trump will end the Biden administration's moratorium on new export approvals for liquefied natural gas, rescind Environmental Protection Agency vehicle emissions regulations promoting electric vehicles, and auction off additional lease rights for Gulf of Mexico drilling. He said he would lift drilling restrictions in the Gulf of Mexico. Alaska's North Pole.
in spite of Major oil companies' opposition to Bidenthe profits of fossil fuel production and the oil industry are prices soared to record highs During the presidential term: The average energy sector profit margin for the four years of the Biden administration is expected to be about 11%, while the average profit margin for the energy sector for the three years of the Trump administration, excluding 2020 when the new coronavirus is eradicated, is 4.5%. was.
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27 separate but somewhat related Republican-led states filed a lawsuit This week, the U.S. Court of Appeals for the DC Circuit challenged the Environmental Protection Agency's new rules regarding power plant emissions.