Trump demands $1 billion from the oil industry and promises to abolish Biden's energy policy
Former President Trump asked oil and gas industry executives for donations of 1 billion dollars (about 110 billion yen), and when he was elected in the November presidential election, he pledged to reverse dozens of environmental regulations implemented by the Biden administration, and this week The “Washington Post” newspaperI reported it.
President Trump is Mike Saber CEO of Venture Global held in Mar-a-Lago in Florida last month, Chenier Energy(LNGJack Fusco CEO of), Chevron(CVX), Continental Resources, ExxonMobil(XOM), Occidental Petroleum(OXYIt is said that sales pitches were made to executives at a meeting with representatives of).
In particular, Trump stated that he would abolish the temporary suspension of new export approvals for liquefied natural gas by the Biden administration, abolish automobile exhaust regulations of the Environmental Protection Agency that promotes electric vehicles, auction off excavation mining areas in the Gulf of Mexico, and withdraw excavation regulations in the Alaska Arctic.
Big oil is rebelling against BidenNevertheless, during Biden's presidency, fossil fuel production and oil industry profits were in the pastHighest rapid increaseYes: The average profit margin of the energy sector for 4 years of the Biden administration is predicted to be ~ 11%, but the average profit margin of the energy sector for President Trump's 3 years (excluding the year of COVID clean-up in 2020) is 4.5%.
*The ties between Mr. Trump and major oil companies were followed from the previous fiscal year, but they have begun to move concretely. There are reports that about 20% of campaign funds have been used due to litigation costs, and there are also reports that it lags behind Mr. Biden in terms of funding, but can we try to make a comeback with this case!?
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