Skip to content Skip to footer

Trump to Hold In-Person Meeting With Big Oil CEOs to Discuss COVID-19 Relief

It looks like the administration is planning, in plain sight, to push a massive bailout for the fossil fuel industry.

President Trump meets with supply chain distributors in reference to the COVID-19 pandemic, in the Cabinet Room at the White House on March 29, 2020.

President Donald Trump on Friday is reportedly set to hold an in-person White House meeting with top executives from some of the largest fossil fuel companies in the world — including Exxon Mobil, Chevron, and Continental Resources — to discuss relief measures for the industry as the coronavirus pandemic tanks global oil demand.

“Other chief executives set to attend Friday’s meeting include Vicki Hollub of Occidental Petroleum Corp., David Hager of Devon Energy Corp., Greg Garland of Phillips 66, and Kelcy Warren of Energy Transfer,” according to the Wall Street Journal, which first reported on the planned meeting Wednesday afternoon.

The meeting will come just over a week after Trump hosted a conference call with Wall Street and hedge fund titans.

“Mr. Trump is unlikely to endorse direct federal aid or market interventions during Friday’s meeting,” the Journal reported, “but may consider smaller actions including a waiver of a law that requires American vessels be used to transport goods, including oil, between U.S. ports. The president wants to show support, even if policy opinions are limited for now.”

Environmentalists warned in response to the scheduled meeting that the Trump administration is planning, in plain sight, to push a massive bailout for the oil and gas industry as the coronavirus crisis intensifies.

“Oil billionaires are moving to rob us blind in broad daylight,” tweeted Greenpeace USA.

350.org urged the U.S. public to “stay vigilant” in resisting a bailout for fossil fuel giants.

“Right now money is needed for people’s health, direct relief, and making sure we have a resilient future — not bolstering the fossil fuel industry,” the group tweeted.

Under pressure from the fossil fuel industry, Trump’s Environmental Protection Agency — headed by former coal lobbyist Andrew Wheeler — announced last Friday that it will not be enforcing many major oil and gas regulations, a move critics condemned as a “green light to pollute with impunity.”

“Democrats won’t aggressively push for climate-friendly COVID relief policies because they’re scared they’ll be accused of taking advantage of a crisis,” tweeted climate writer Emily Atkin, author of the “HEATED” newsletter. “The oil and gas industry and Republicans do not have this fear. That’s why they’re winning.”

Tired of reading the same old news from the same old sources?

So are we! That’s why we’re on a mission to shake things up and bring you the stories and perspectives that often go untold in mainstream media. But being a radically, unapologetically independent news site isn’t easy (or cheap), and we rely on reader support to keep the lights on.

If you like what you’re reading, please consider making a tax-deductible donation today. We’re not asking for a handout, we’re asking for an investment: Invest in a nonprofit news site that’s not afraid to ruffle a few feathers, not afraid to stand up for what’s right, and not afraid to tell it like it is.