"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."

"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."

Josh Dawsey and Maxine Joselow report for the Washington Post May 31, 2024.

SEE ALSO:

"Former Oil CEO Blasts FTC Over Collusion Allegations" (Politico)

"Pandemic Puts Pioneer Oil Price-Fixing Accusations In A Different Light" (Semafor)

"Trump Attends Houston Lunch To Ask Oil Bosses For More Campaign Cash" (Guardian)

Source: Washington Post, 06/03/2024