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Former President Trump has asked oil and gas industry executives to contribute $1 billion to his presidential campaign, vowing to roll back dozens of environmental rules implemented by the Biden administration if he is elected in November. Washington Post I mentioned this week.
Trump pitched the executives at a meeting at Mar-a-Lago, Florida, last month that included Venture Global CEO Mike Sabel, Cheniere Energy (LNG) CEO Jack Fusco, and representatives from Chevron (CVX), Continental Resources, and Exxon Mobil (XOM). . and Occidental Petroleum (OXY). a report.
In particular, Trump said he would end the Biden administration's holdup on new LNG export approvals, get rid of EPA auto emissions rules promoting electric vehicles, auction off more drilling leases in the Gulf of Mexico, and repeal drilling restrictions in The Gulf Of Mexico. Arctic Alaska.
despite of Big Oil companies' disgust with BidenFossil fuel production and oil industry profits It rose to record levels During his presidency: The average energy sector profit margin for the four years of the Biden administration is expected to be approximately 11%, while the energy sector profit margin during Trump's three years (excluding the 2020 coronavirus elimination year) averaged 4.5%.
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Separate but somewhat related, 27 states are led by Republicans He filed a lawsuit This week in the US Court of Appeals for the D.C. Circuit to challenge the EPA's new rules on power plant emissions.