Energy & Environment — Trump allies see potential for oil and mining boom

Presented by American Chemistry Council — In the wake of Trump's victory, the industry is hopeful he'll deliver on his promises and roll back regulations put in place by the Biden administration.

View Online Energy & Environment Energy & Environment   PRESENTED BY  The Big Story  Trump win invigorates fossil fuel industry President-elect Trump's win has sent a jolt of enthusiasm through the fossil fuel and mining industries as they anticipate a favorable regulatory environment under his incoming administration.  © AP Photo/Evan Vucci 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.   "We want to make sure that we stop this flawed approach, and we think the administration can move quickly," Eversole told The Hill. "We also [think], depending on their approach, the courts could certainly stop it as well, because we think there's a strong chance of victory."   On Tuesday, API also released a roadmap detailing policies it would like to see the Trump administration pursue including: Quickly processing all pending applications for new natural gas exports Issuing a new five-year plan for offshore oil and gas leasing to replace a Biden plan that had the smallest-ever number of lease sales Repealing "restrictive" onshore oil and gas leasing rules and ending the methane fee that charges oil and gas producers for high levels of emissions Maintaining a 21 percent corporate tax rate Meanwhile, the National Mining Association, the main lobbying group for the mining industry, is also sanguine about the likelihood of industry-friendly policies from the incoming administration.  In a statement to The Hill, CEO Rich Nolan called for the Trump administration to freeze new carbon pollution standards for existing coal plants and restrictions on coal mining on public lands.   Read more at TheHill.com. Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: EPA implements climate law's methane fee as Republicans plan repeal The Environmental Protection Agency (EPA) issued a final rule Tuesday that implements a charge for oil and gas companies that release too much of the planet-warming gas methane.  Full Story Biden administration sets out plan to triple nuclear power capacity The Biden administration on Tuesday released a roadmap for plans to triple U.S. nuclear capacity by the middle of the century.  Full Story Who is Lee Zeldin? Six things to know about Trump's selection for EPA President-elect Trump on Monday announced former Rep. Lee Zeldin (R-N.Y.) as his nominee to lead the Environmental Protection Agency (EPA).  Full Story Exxon chief presses Trump to stay in Paris climate agreement Exxon Mobil CEO Darren Woods urged President-elect Trump to stay in the Paris climate agreement, as the oil and gas industry prepares for the new administration.  Full Story In Other News  Branch out with a different read from The Hill: Key Atlantic current at risk of collapse: Research Scientists warned for the first time in a new report that melting ice sheets might be slowing key ocean currents at both poles, leading to "potentially dire consequences" for a greater sea-level rise along the U.S. East Coast, according to research from the International Cryosphere Climate Initiative. Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: Shell Wins Appeal Against Landmark Carbon-Emissions Ruling (The Wall Street Journal)   You might beat back phragmites, the scourge of wetlands, but then what? (NPR)   Colorado's oil and gas industry says it's reducing emissions at drilling sites by 95%. Environmentalists aren't so sure. (The Denver Post) A MESSAGE FROM AMERICAN CHEMISTRY COUNCIL The World Needs Plastic, Not Plastic Pollution The American Chemistry Council supports a global agreement to end plastic pollution while retaining the benefits plastic provides. Learn more. On Tap  Upcoming news themes and events we're watching: The Senate Environment and Public Works Committee will vote on the nominations of Matthew James Marzano to the Nuclear Regulatory Commission, Matthew Kaplan as federal cochair of the Great Lakes Authority and 43 General Services Administration resolutions. What Others are Reading  Two key stories on The Hill right now: Republicans win House, delivering Trump a trifecta Republicans are projected to keep control of the House of Representatives, handing the party total control of Washington with President-elect Trump back in the White House in January. Read more Trump's House GOP picks have Republicans worried House Republican leaders facing another razor-thin majority in the upcoming Congress are hoping President-elect Trump will not tap any more House GOP members for positions in his administration. Read more   You're all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2024 Nexstar Media Inc. | All Rights Reserved.

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