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Trump suggests to oil donors he will fast-track their merger deals
Trump suggests to oil donors he will fast-track their merger deals
The ex-president’s pledge to the fossil fuel industry is the latest to emerge from a closed-door fundraising meeting.
By Josh Dawsey and Maxine Joselow
May 31, 2024 at 10:00 a.m. EDT
Former president Donald Trump suggested to oil executive donors this month that he could ease the Federal Trade Commission’s scrutiny of their industry’s mergers and acquisitions if he returns to the White House, according to five people familiar with the matter.
During a fundraiser in Houston on May 22, oil executives complained that the FTC has taken too long to approve deals and has requested too much information. Occidental Petroleum CEO Vicki Hollub told Trump that her company’s $12 billion acquisition of the oil and gas producer CrownRock had been delayed as the government sought information off her phone, the five people said.
Trump expressed dismay that the federal government had probed her phone for information and vowed that his administration would treat her differently if he won the presidency, according to the people familiar with the matter, who spoke on the condition of anonymity because they were not authorized to comment publicly. “Can you just wait a few months?” he said, according to these individuals.
Trump’s remarks, which have not previously been reported, indicated that he may try to influence the FTC, an independent agency, on behalf of his supporters. They come as the oil and gas industry is in the midst of multibillion-dollar mergers, which have prompted calls from Democrats for strict government scrutiny.
{snip}
By Josh Dawsey
Josh Dawsey is a political enterprise and investigations reporter for The Washington Post. He joined the paper in 2017 and previously covered the White House. Before that, he covered the White House for Politico, and New York City Hall and New Jersey Gov. Chris Christie for the Wall Street Journal. Twitter https://x.com/jdawsey1
By Maxine Joselow
Maxine Joselow is a staff writer who covers climate change and the environment. Twitter https://x.com/maxinejoselow
The ex-president’s pledge to the fossil fuel industry is the latest to emerge from a closed-door fundraising meeting.
By Josh Dawsey and Maxine Joselow
May 31, 2024 at 10:00 a.m. EDT
Former president Donald Trump suggested to oil executive donors this month that he could ease the Federal Trade Commission’s scrutiny of their industry’s mergers and acquisitions if he returns to the White House, according to five people familiar with the matter.
During a fundraiser in Houston on May 22, oil executives complained that the FTC has taken too long to approve deals and has requested too much information. Occidental Petroleum CEO Vicki Hollub told Trump that her company’s $12 billion acquisition of the oil and gas producer CrownRock had been delayed as the government sought information off her phone, the five people said.
Trump expressed dismay that the federal government had probed her phone for information and vowed that his administration would treat her differently if he won the presidency, according to the people familiar with the matter, who spoke on the condition of anonymity because they were not authorized to comment publicly. “Can you just wait a few months?” he said, according to these individuals.
Trump’s remarks, which have not previously been reported, indicated that he may try to influence the FTC, an independent agency, on behalf of his supporters. They come as the oil and gas industry is in the midst of multibillion-dollar mergers, which have prompted calls from Democrats for strict government scrutiny.
{snip}
By Josh Dawsey
Josh Dawsey is a political enterprise and investigations reporter for The Washington Post. He joined the paper in 2017 and previously covered the White House. Before that, he covered the White House for Politico, and New York City Hall and New Jersey Gov. Chris Christie for the Wall Street Journal. Twitter https://x.com/jdawsey1
By Maxine Joselow
Maxine Joselow is a staff writer who covers climate change and the environment. Twitter https://x.com/maxinejoselow
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