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The Guardian - US
The Guardian - US
World
Oliver Milman and Dharna Noor

Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds

Older white man, dark blue suit, red tie, looking off from a stage lit in red.
Donald Trump in Nashville, Tennessee, on 22 February 2024. Photograph: Jon Cherry/Getty Images

A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry $110bn in tax breaks if he returns to the White House, an analysis suggests.

The fundraising dinner held last month at Mar-a-Lago with more than 20 executives, including from Chevron, Exxon and Occidental Petroleum, reportedly involved Trump asking for large campaign contributions and promising, if elected, to remove barriers to drilling, scrap a pause on gas exports, and reverse new rules aimed at cutting car pollution.

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