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Former President Donald Trump has suggested to oil executive donors that he could ease the Federal Trade Commission’s scrutiny of their industry’s mergers and acquisitions if he returns to the White House. During a private roundtable and a high-dollar fundraiser in Texas, Trump promised to fast-track merger deals for top oil donors frustrated with the FTC’s oversight. Trump’s pledge to weaken FTC oversight of the oil industry comes as the agency uncovered that a top oil CEO conspired with OPEC to raise gas prices by $200 billion a year. Trump’s assurances to oil magnates, including Occidental Petroleum's CEO, also align with his efforts to secure financial backing from Wall Street and corporate donors.
SCOOP: 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 @jdawsey1 @maxinejoselow https://t.co/QfTWtPShBo
Oil executives hosting a high-dollar fundraiser for Trump in TX last week griped about the FTC extensively scrutinizing their mergers and even taking info off their phones. Trump promised his administration would help. “Could you wait just a few months?” https://t.co/CFcXjOmhbx
Trump is telling corporate donors that he will make it easier for them to do mega mergers, which I presume is so they give him more money. What a populist, what an outsider! https://t.co/pxdRzC33mw
