White House Copies Exxon Press Release Nearly Verbatim

Mar 09, 2017, 00:35
White House Copies Exxon Press Release Nearly Verbatim

The president followed up on Twitter, saying that "Buy American & hire American are the principals at the core of my agenda", although he apparently meant that those are among his principles. Thank you, ' Trump wrote, mistakenly using the wrong word to state his principles.

The oil company plans to invest $20 billion in manufacturing in the U.S. Gulf coast region. The release from ExxonMobil was touting its planned investments of $20 billion in the Gulf region.

White House spokesperson Sean Spicer commented, saying Exxon made it clear to President Trump that these investments are being made in the United States due to his rhetoric on tax cuts and reduced regulation. The sum of $20 billion would be roughly equal to Exxon's total capital spending previous year.

"It's hard to be in our business and not support open markets and free trade", he said.

In its statement, the White House linked the expansion program to the Trump administration.

The Washington Post reported on Tuesday that USA energy giant Exxon Mobil's promise of a new 10-year $20 billion (18.9-billion-euro) investment in America's Gulf Coast region had already been declared in 2013. "These businesses are leveraging the shale revolution to manufacture cleaner fuels and more energy-efficient plastics". In late December, Trump said Sprint Corp (S) and OneWeb, a satellite company, would create 8,000 U.S.jobs. In doing so, the White House simply copied most of the Exxon release verbatim. "This is a true American success story", Trump said.

"This is exactly the kind of investment, economic development and job creation that will help put Americans back to work", Mr. Trump said in a statement.

The White House release said: "These jobs will have a multiplier effect, creating many more jobs in the community that service these new investments".

Mr Woods said: "The US is a leading producer of oil and natural gas, which is incentivising US manufacturing to invest and grow".

After decades of locating refineries and chemical plants close to raw materials and end markets in the Middle East and East Asia, Exxon is committed to steering construction dollars to its home country, Woods said at the CERAWeek energy conference in Houston. "In this way, an upstream technology breakthrough has led to a downstream manufacturing renaissance".

According to the company, the project began four years ago in 2013, however, the timeline is extended now and the scope of the project is expanding. It plans to increase the investments to $25 billion a year on an average, between 2018 and 2020.

The White statement also highlight effusive praise for Trump from Darren Woods, who is Tillerson's successor as Exxon CEO. That stance may veer from Trump's repeated criticisms of various worldwide trade deals, including the North American Free Trade Agreement with Canada and Mexico, as unfair and disadvantageous to U.S. workers.