Trump energy allies anticipate boom times for oil, gas, mining
Former President Trump’s election victory has sent a jolt of enthusiasm through the fossil fuel and mining industries as they anticipate a favorable regulatory environment under his incoming administration.
The president-elect’s Republican allies, meanwhile, see a fresh opportunity for policies like long-stalled energy permitting reforms.
Trump, who withdrew from the Paris Climate Agreement and rolled back numerous energy and environmental regulations in his first term, vowed to take a similar approach in a second term on the campaign trail.
The president-elect has also pledged to boost domestic oil and gas production, including by opening new lands for drilling, and disparaged forms of renewable energy such as wind and solar, calling for an end to "insane wind subsidies" on his campaign website.
The oil and gas industry threw its support behind his 2024 campaign, donating more than $14 million toward his reelection.
In the wake of his victory, the industry is hopeful he'll deliver on his promises and roll back regulations put in place by the Biden administration.
“[T]here are clearly some specific things right away that we encourage them to consider," Amanda Eversole, chief operating officer at the American Petroleum Institute, told The Hill, such as lifting the Environmental Protection Agency's (EPA) "tailpipe mandates" requiring a greater share of automakers’ new products to be hybrid or electric.
Those EPA rules came up frequently on the campaign trail in the key state of Michigan, where Trump beat Vice President Harris but........
© The Hill
visit website