Trump Floats Plan to Let Billionaire Polluters 'Bribe Their Way' Past Regulations

President-elect Donald Trump on Tuesday floated a legally dubious proposal to let corporations and individuals who invest $1 billion or more in the U.S. bypass regulations, a scheme that environmental groups and government watchdogs said underscores the corrupt intentions of the incoming administration.

"Corporate polluters cannot bribe their way to endangering our communities and our clean air and water," Mahyar Sorour of Sierra Club said in a statement. "Donald Trump's plan to sell out to the highest bidder confirms what we've long known about him: He's happy to sacrifice the wellbeing of American communities for the benefit of his Big Oil campaign donors."

"We will keep fighting to defend our bedrock environmental protections and ensure they apply to everyone, not just those who can't afford Trump's bribe," Sorour added.

In a Truth Social post on Tuesday, Trump wrote that "any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals."

"GET READY TO ROCK!!!" said Trump, who pledged on the campaign trail to accelerate oil drilling and asked the fossil fuel industry to bankroll his bid for a second White House term in exchange for large-scale deregulation.

As early as May of this year, fossil fuel industry lobbyists and lawyers had already begun crafting executive orders for Trump to sign upon retaking the White House. After winning last month's election, Trump moved quickly to stack his Cabinet with billionaires and other rich individuals with close corporate ties, including those in the fossil fuel industry.

The Associated Press noted Tuesday that Trump's push to let large investors evade regulations would itself likely run up against regulatory hurdles, "including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects."

"While Trump did not specify who would be eligible for accelerated approvals, dozens of energy projects proposed nationwide, from natural gas pipelines and export terminals to solar farms and offshore wind turbines, meet the billion-dollar criteria," AP noted. "Environmental groups slammed the proposal, calling it illegal on its face and a clear violation of the National Environmental Policy Act, a 54-year-old law that requires federal agencies to study the potential environmental impact of proposed actions and consider alternatives."

"Presidents have no authority whatsoever to waive statutory public health and safety protections based upon a dollar value of capital investment."

Lena Moffitt, executive director of Evergreen Action, said Tuesday that "Trump is treating America's energy policy like a cheap knickknack at an estate sale: brazenly offering to auction off our public lands and waters to the highest bidder."

"Trump's promise to fast-track environmental approvals for billion-dollar kickbacks is nothing but an illegal giveaway to fossil fuel special interests," said Moffitt, pointing to federal law requiring "rigorous review processes to protect the public interest, not rubber stamps for corporate polluters."

"Trump's plan would turn a system already rigged in favor of fossil fuel interests into one openly driven by corruption, where special interests dictate policy and everyday Americans pay the price," Moffitt added. "Now he's making it official: If you write a big enough check, his administration will let you break the rules and drive up costs for working families."

Axios reported that Trump's specific focus on environmental regulations "will put the spotlight on Lee Zeldin," the president-elect's pick to lead the Environmental Protection Agency.

"Zeldin is considered to have little environmental policymaking experience—but is a strong supporter of Trump's broad deregulatory push," the outlet noted.

Tyson Slocum, director of the Energy Program at Public Citizen, expressed confidence that Trump's plan "will not come to pass," given that "presidents have no authority whatsoever to waive statutory public health and safety protections based upon a dollar value of capital investment."

"Trump's claim deserves ridicule for being so outlandishly illegal and wrong," said Slocum. "However, the statement does highlight Trump's utter disregard for protecting the environment or human health and the imminent peril that he and his cronies will push policies that jeopardize health, safety, and planetary well-being."

Slocum said there are other "more realistic and insidious" Trump schemes worth guarding against, including his "efforts to use national security designations to force bailouts of coal power plants during his firm term."

Sen. Ed Markey (D-Mass.) warned in response to the president-elect's Truth Social post that "the Donald Trump-Elon Musk government will be of the billionaire, by the billionaire, and for the billionaire—with one set of rules for the big-money oligarchs and another set for everyone else."

"Clean air and clean water are not and will not be for sale," the senator added.