Former President Donald Trump would be happy to fulfill the oil and gas industry's wish list if re-elected, but he also has a price tag.
President Trump reportedly asked oil and gas company executives to donate $1 billion to his campaign to return to the White House, in exchange for President Joe Biden to donate $1 billion to his campaign in November. If elected, he vowed to reverse many of the president's green energy policies.
Last month, President Trump hosted some of the nation's top fossil fuel CEOs at his Mar-a-Lago club in Florida, and reportedly „surprised“ them with this question. washington post. Trump reportedly told his top executives that the $1 billion would ultimately become a „deal“ for the fossil fuel industry because of the money it would save during his presidency. An anonymous industry source told the Post that Trump is likely to receive some funding.
The oil and fossil fuel industry has long aligned itself with the Republican Party, which generally supports and promotes fossil fuels. Ahead of the 2024 election, the industry is drafting executive orders „ready to sign“ if Trump is elected president, aimed at expanding natural gas exports and increasing offshore oil leasing. politiko Reported this week.
A second term for Trump will mean a sharp departure from policy. Biden's agenda Clean energy, electric vehicles, historic efforts to fight climate change, and more. The former president falsely called global warming a „hoax“ and vowed to unravel Biden's landmark climate change plan, which was included in the Inflation Control Act.
Throughout Biden's term, Republicans have denounced what they call the administration's „war“ on energy, even as U.S. oil production and natural gas exports have declined. Never been higher. They accuse Biden of beholden to „radical environmentalists,“ an ironic talking point given Trump and the Republican Party's unflinching loyalty to the fossil fuel industry.
Republicans in Congress are seeking to roll back many of the Biden administration's recent environmental regulations, including tailpipe emissions and large truck regulations.Last week, House Republicans passed it This package of bills would, among other things, restrict drilling across millions of acres in Alaska and strengthen protections for public lands by putting conservation and ecosystem restoration on equal footing with drilling, mining, and other extractive uses. This reverses Biden's actions to do so.
The Biden administration is rushing to finalize as many regulations as possible before Republicans under Trump had the chance to roll them back through the Congressional Review Act. The Congressional Review Act gives Congress months to undo new rules put in place by the White House. However, even if Trump were to become president, there is still a possibility that he could unilaterally override them.
President Trump appears to be laying the groundwork to quickly implement many of America's policy priorities. project 2025is a comprehensive blueprint put together by right-wing groups to guide Trump if he is re-elected in November. Certain parts of that pro-Trump memo are nothing more than a wish list for the oil industry.Formerly as HuffPost reportthe Energy section of the Department of the Interior chapter was authored by Kathleen Sgamma, president of the Western Energy Alliance, a prominent oil and gas trade group.
With the world's coral reefs in the midst of a crisis, President Trump wants something in return for the industry. global bleaching phenomenon —This is only the fourth such incident on record.hundreds of climate scientists told the Guardian This week, global temperatures are on track to rise by 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels, the ambitious goal of the landmark Paris climate agreement.
Scientists have been warning for years that failure to keep temperatures below 1.5 degrees Celsius will have dire consequences, from rising sea levels and more extreme weather events to famine and severe socio-economic disruption. The fossil fuel industry is primarily responsible for this crisis, and has spent decades denying and downplaying the threat with the help of Republican allies in Congress.
Democrats criticized President Trump's collusion with fossil fuel executives and warned that it would further erode American democracy.
“Big oil CEOs are happy to use the billions of dollars they make selling dirty, expensive energy to further distort American democracy, if it means they can continue to destroy the planet for free.” ,” wrote Sen. Sheldon Whitehouse (DR.I.). Post to Xformerly Twitter, Thursday.
Biden's re-election campaign also slammed President Trump, accusing him of selling out working families to big oil companies to finance his campaign.
„This is President Trump's corrupt MAGA policy. In short, President Trump is acting as a puppet for his biggest donors, giving them tax breaks and preferential treatment while screwing up working families.“ policy,” the campaign said. Said In a statement.