Oil and gas industry

By on January 23, 2017 in

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Donald Trump’s advisers have prepared a short list of energy and environmental policy changes he can take now that he has been sworn in as president, including steps to limit the role that climate change plays in government decisions and speed the review of cross-border pipelines.

The list of actions Trump can take imminently includes nullifying former President Barack Obama’s guidelines that federal agencies weigh climate change when approving pipelines, deciding what areas to open for drilling or taking other major actions, two people familiar with Trump’s transition planning say.

Soon after Trump took the oath of office, an "America First Energy Plan" posted on the White House website that enshrined many of his campaign pledges as formal policy goals, including a commitment to eliminate "harmful and unnecessary" regulations that throttle domestic development. Explicit targets for repeal include Obama’s Climate Action Plan, which limits carbon emissions from power plants, and a water pollution rule.

"For too long, we’ve been held back by burdensome regulations on our energy industry," Trump’s plan says, describing domestic energy production as critical to "achieving independence from the OPEC cartel and any nations hostile to our interests."

Trump also is being counseled, according to the people familiar with the planning, to suspend the government’s use of a metric known as the social cost of carbon until it can be reviewed and recalculated, and to rescind a 49-year-old executive order that put the State Department in charge of permitting border-crossing oil pipelines.

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