At Mar-a-Lago, Trump Seeks $1 Billion from Oil Execs, Vows EV Rollbacks

May 9, 2024, 07:50 PM

Former President Donald Trump reportedly asked top U.S. oil executives during a meeting at his Mar-a-Lago Club to contribute $1 billion to his presidential campaign. In exchange, Trump promised to dismantle a range of environmental regulations enacted by the Biden administration, specifically targeting policies that support electric vehicles (EVs) and other green initiatives. Trump described the $1 billion as a 'deal' due to the tax and regulatory relief it would provide. His remarks reportedly stunned several executives. This proposal was part of Trump's broader pledge to roll back climate measures and reduce taxes and regulations for big oil companies, aiming to ease the financial burdens imposed by current policies.