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Oil and Gas Leaders Warn Trump He Risks Harming Their Industry

  • Trump disagrees with executives on Nafta arbitration language
  • Industry leaders say it provides an essential safety net
A Shale-Oil Boomtown As Oil Bust Proves To Be Good
Photographer: Daniel Acker/Bloomberg
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President Donald Trump disagreed with executives of major oil and gas companies Thursday about the importance of keeping binding dispute settlement procedures in a renegotiated North American Free Trade Agreement, according to a person familiar with the discussion.

Trump told roughly a dozen of the oil and gas industry leaders at a White House meeting that he understood -- but did not share -- their view that those Nafta provisions are essential to give companies confidence to invest in Mexico and Canada, said the person, who asked not to be identified describing the closed-door session.