financetom
Business
financetom
/
Business
/
Trump vows to target EVs, LNG exports in meeting with oil CEOs -report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump vows to target EVs, LNG exports in meeting with oil CEOs -report
May 9, 2024 5:50 AM

WASHINGTON (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, Continental Resources, Exxon and Occidental Petroleum, it said.

Representatives for Trump's campaign could not be immediately reached for comment. Representatives for the companies also could not be immediately reached.

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.

(Writing by Susan Heavey; Editing by Doina Chiacu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump orders termination of oil deal with Venezuela, in blow to Chevron
Trump orders termination of oil deal with Venezuela, in blow to Chevron
Feb 26, 2025
* Trump says Venezuela not taking migrants back fast enough * Trump also cites Venezuela's 'electoral conditions' * November 2022 oil agreement coincides with Chevron ( CVX ) license * U.S. oil licenses boosted Venezuela's economy By Matt Spetalnick, Marianna Parraga and Timothy Gardner WASHINGTON, Feb 26 (Reuters) - U.S. President Donald Trump on Wednesday said he was reversing a...
EBay forecasts quarterly revenue below expectations on weak demand
EBay forecasts quarterly revenue below expectations on weak demand
Feb 26, 2025
(Reuters) - E-commerce firm eBay ( EBAY ) forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector's items and refurbished goods, sending its shares down 7% in extended trading. High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items such as...
Expand Energy beats fourth-quarter profit estimates
Expand Energy beats fourth-quarter profit estimates
Feb 26, 2025
Feb 26 (Reuters) - U.S. natural gas producer Expand Energy ( EXE ) surpassed fourth-quarter profit estimates on Wednesday following a slight rebound in gas prices. The company reported adjusted net income of 55 cents per share, for the three months ended December 31, compared with the analysts' average expectation of 48 cents per share, according to data compiled by...
AppLovin Stock Drops On Multiple Short Reports: Allegations Of Copying Meta, Creating 'Smoke And Mirrors Game' (UPDATED)
AppLovin Stock Drops On Multiple Short Reports: Allegations Of Copying Meta, Creating 'Smoke And Mirrors Game' (UPDATED)
Feb 26, 2025
Editor’s Note: This article has been updated to include a response from AppLovin ( APP ) CEO Adam Foroughi addressing the short reports. Shares of AppLovin Corporation ( APP ) were hit Wednesday with two new short reports adding to the targets against the high-rising stock. Fuzzy Panda Research on APP: A new short report from Fuzzy Panda Research accuses...
Copyright 2023-2026 - www.financetom.com All Rights Reserved