‘No quid pro quo’ between Trump and oil execs at Mar-a-Lago, Gov. Burgum says

CNBC

North Dakota Gov. Doug Burgum denied that former President Donald Trump told oil executives he’d reduce regulations if elected in exchange for helping him raise money to get re-elected. Burgum also denied that Trump was looking to the oil industry in particular to finance his reelection. The governor and his family have ties to Continental Resources, which is the largest oil and gas leaseholder in North Dakota. Kathryn Burgum aplauds as her husband Republican Governor of North Dakota Doug Burgum shakes hands with former US President and 2024 presidential hopeful Donald Trump during a Caucus Night watch party in Las Vegas, Nevada, on February 8, 2024.  Patrick T. Fallon | AFP | Getty Images

North Dakota Gov. Doug Burgum – a potential pick to be former President Donald Trump‘s running mate – is denying claims that the former president had told oil executives he’d reduce regulations if elected in exchange for helping him raise money to return to the White House. 

According to the Washington Post, Trump told a few of the country’s top oil executives in a meeting with them earlier this year at his Mar-a-Lago club in Palm Beach, Florida, that he’d reverse dozens of environmental rules and policies that the Biden administration has put in place and prevent new ones from being implemented. That is, if they raised $1 billion to re-elect him.

That donation would make it a “deal” given that they’d avoid taxation and regulation because of him, he said. Trump also reportedly told the executives that he would auction off more oil drilling leases in the Gulf of Mexico.

“I was at that meeting – that did not happen,” Burgum said on CBS’ “Face the Nation” on Sunday. “He didn’t ask for a billion dollars in donations, and there was no quid pro quo.”

Burgum also denied that Trump was targeting the oil industry to finance his reelection, saying that “he’s not targeting anybody” and is “doing what candidates do” by going and listening to an industry that is “fundamental to the entire economy.”

In January, Burgum endorsed Trump for president. He ended his bid to become the Republican nominee a month earlier in December 2023 after launching his campaign in June of that year and has since become an advisor to Trump on energy policy.

Burgum’s family leases 200

CNBC

The full article is available here. This article was published at CNBC Finance.