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Trump vows to target EVs, LNG exports in meeting with oil CEOs, report says
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Trump vows to target EVs, LNG exports in meeting with oil CEOs, report says
May 9, 2024 12:53 PM

WASHINGTON, May 9 (Reuters) - Republican presidential

candidate Donald Trump vowed to reverse dozens of the Biden

administration's environmental rules and policies at a meeting

with top U.S. oil executives, where he also asked them to raise

$1 billion for his presidential campaign, the Washington Post

reported on Thursday.

The Post, citing unidentified sources familiar with the

meeting last month in Florida, said Trump promised to end

President Joe Biden's emissions rules aimed at promoting

electric vehicles and halt the Biden administration's freeze on

permits for new liquefied natural gas exports, among other

actions.

Trump told the chief executives that giving $1 billion would

be a "deal" for them, according to the report. Invited guests

included the CEOs of Venture Global, Cheniere Energy as

well as representatives from Chevron ( CVX ), Continental

Resources, Exxon and Occidental Petroleum ( OXY ), it

said.

Representatives for Trump's campaign did not respond to a

request for comment. Representatives for Exxon said they had no

details to share, while representatives for the other companies

did not respond to requests for comment.

Trump, who faces a rematch with Biden in the Nov. 5

presidential election, has vowed to undo much of the Democratic

president's work to fight climate change.

Biden has touted his administration's climate efforts -

including its tailpipe rules - as both good for the environment

and for the economy, which is a factor in his re-election

campaign.

At the meeting in Trump's private club, the Republican

presidential contender also said he would auction off more

leases for oil drilling in the Gulf of Mexico and reverse

drilling restrictions in the Alaskan Arctic, the Post reported.

He also reiterated his complaints about wind power, it added.

(Additional reporting by Sabrina Valle; Writing by Susan

Heavey; Editing by Doina Chiacu and Michael Erman)

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