Thursday, November 21, 2024

US oil industry calls on Trump to abandon Biden's climate policies

November 12, 2024

The U.S. Oil and Gas Industry on Tuesday called for President-elect Donald Trump's revocation of many policies proposed by President Joe Biden to combat climate change. They said the measures threatened jobs, consumer choices and energy security.

The American Petroleum Institute, the nation's largest oil and gas trade association, has urged the incoming Trump administration to remove vehicle emission standards designed to encourage the auto industry to make more electric vehicles. It also urged Trump to lift the pause on export licenses for liquefied gas facilities, and to work with Congress to eliminate a fee on drilling methane emissions.

The group revealed the requests in an official document that was shared with media.

During his election campaign, Trump promised to reverse dozens environmental rules and policies that oil and gas drillers considered burdensome. Biden has imposed stricter regulations to help transition the U.S. to cleaner energy sources. However, domestic oil and gas production is higher than ever before.

API CEO Mike Sommers told reporters that the election results showed energy to be a major issue. "Whether it was EV mandats in Michigan or fracking, voters on both sides of aisle sent a strong message to policymakers about their desire for an all-of the-above energy approach, and not government mandates and limitations."

API was seeking to repeal the U.S. Environmental Protection Agency's clean vehicle regulations and revoke California's authority to set state emissions standards that were stricter than federal ones. The group also urged for LNG exports and more oil and natural gas drilling auctions in the Gulf of Mexico. The group wants Trump to ease the process of obtaining drilling permits by amending the Clean Water Act, National Environmental Policy Act and implementing tax incentives for infrastructure and overseas investments. (Reporting and editing by Nichola Gregorio; Editing by David Gregorio).

(source: Reuters)

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