U.S. oil industry urges Trump to ditch Biden climate policies - News Summed Up

U.S. oil industry urges Trump to ditch Biden climate policies


The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden's policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security. During his campaign, Mr. Trump vowed to reverse dozens of environmental rules and policies deemed onerous by oil and gas drillers. Despite stiffer regulations under Mr. Biden, who has sought to transition the U.S. economy to clean energy sources, the domestic industry is producing more oil and gas than at any time in history. It also advocated supporting LNG exports, holding more auctions for oil and gas drilling in the Gulf of Mexico and reversing rules that the group says limits oil and gas development on federal lands. It wants Mr. Trump to make it easier to obtain drilling permits via changes to the Clean Water Act and National Environmental Policy Act, and implement tax incentives to infrastructure and overseas investment.


Source: The Hindu November 14, 2024 01:32 UTC



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