The US Senate Finance and Budget committees on Thursday launched an investigation into presidential candidate Donald Trump’s alleged offer to repeal a series of environmental regulations in exchange for $1 billion in campaign contributions.
The announcement comes a week after the top Democratic lawmaker on a House oversight panel requested information from nine oil companies about reports of “quid pro quo overtures” made by the former president at a campaign event this spring. boreal at its Mar a Lago complex in Florida.
“While Mr. Trump funnels campaign money into his businesses and uses it as a fund to pay his legal fees, Big Oil has been aggressively lobbying to protect and expand its profits at the expense of the American taxpayer,” the president wrote. Senate Finance Committee, Ron Wyden, and Senate Budget Committee Chairman Sheldon Whitehouse.
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Trump had promised to reverse dozens of environmental rules and policies of President Joe Biden’s administration in a meeting with top US oil executives, in which he also asked them to raise $1 billion for his presidential campaign, according to media reports.
The committee chairmen sent letters to several energy company CEOs and an industry trade group requesting materials distributed to attendees at the fundraiser where Trump solicited contributions.
It also asked for descriptions of the policy proposals discussed at the event, copies of any draft proposals or executive orders, and information on donations made by companies to the Trump campaign.
The Republican candidate had told executives at that event that he planned to auction more leases for oil drilling in the Gulf of Mexico, reverse drilling restrictions in Alaska’s Arctic, lift the pause on LNG exports and told them about his aversion to wind energy, according to media reports.
With information from Reuters
