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Reuters Exclusive: Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say [View all]
https://www.reuters.com/business/energy/trump-prepares-wide-ranging-energy-plan-boost-gas-exports-oil-drilling-sources-2024-11-25/Exclusive: Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say
By Jarrett Renshaw
November 25, 2024 11:11 AM ESTUpdated a day ago
Summary
The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.
Trump, a Republican, also plans to repeal some of his Democratic predecessor's key climate legislation and regulations, such as tax credits for electric vehicles and new clean power plant standards that aim to phase out coal and natural gas, the sources said.
An early priority would be lifting President Joe Biden's election-year pause on new export permits for LNG and moving swiftly to approve pending permits, the sources said. Trump would also look to expedite drilling permits on federal lands and quickly reopen five-year drilling plans off the U.S. coast to include more lease sales, the sources said.
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By Jarrett Renshaw
November 25, 2024 11:11 AM ESTUpdated a day ago
Summary
- Plan includes lifting Biden's pause on LNG export licenses
- Trump will seek to expedite drilling permits on federal land
- Trump to seek to boost sales of offshore oil drilling leases
The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.
Trump, a Republican, also plans to repeal some of his Democratic predecessor's key climate legislation and regulations, such as tax credits for electric vehicles and new clean power plant standards that aim to phase out coal and natural gas, the sources said.
An early priority would be lifting President Joe Biden's election-year pause on new export permits for LNG and moving swiftly to approve pending permits, the sources said. Trump would also look to expedite drilling permits on federal lands and quickly reopen five-year drilling plans off the U.S. coast to include more lease sales, the sources said.
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