"Oil and Gas Leaders Warn Trump He Risks Harming Their Industry"

"President Donald Trump disagreed with executives of major oil and gas companies Thursday about the importance of keeping binding dispute settlement procedures in a renegotiated North American Free Trade Agreement, according to a person familiar with the discussion.

Trump told roughly a dozen of the oil and gas industry leaders at a White House meeting that he understood -- but did not share -- their view that those Nafta provisions are essential to give companies confidence to invest in Mexico and Canada, said the person, who asked not to be identified describing the closed-door session.

That position puts the president in league with American Trade Representative Robert Lighthizer, who has signaled he doesn’t support continuing to subject the U.S. to the investor-state dispute settlement provisions in Nafta that empower businesses to challenge other countries for discrimination."

Jennifer A Dlouhy reports for Bloomberg March 15, 2018.

SEE ALSO:

"Oil Group To Lobby President After Stay At Trump Hotel" (Politico)

"Oil CEO to Trump: Tariffs Will Help OPEC, Hurt U.S. Jobs" (CNN)