U.S. President-elect Donald Trump announced on Tuesday that individuals or companies investing at least $1 billion in the United States will be granted expedited approvals and permits, including all necessary environmental clearances. The statement, shared on his social media platform Truth Social, did not provide additional details.
Trump’s transition team is preparing to launch a policy package shortly after his inauguration on January 20. According to sources familiar with the plans, this initiative will focus on approving export permits for liquefied natural gas (LNG) projects and increasing oil drilling on federal lands and offshore areas.
However, it remains unclear how Trump plans to navigate the authority of independent regulatory bodies like the Federal Energy Regulatory Commission, which has recently mandated more extensive environmental reviews for LNG projects. The Trump transition team has yet to respond to requests for clarification.
Trump, a Republican, also intends to roll back key climate and energy policies implemented by Democratic President Joe Biden. These include tax incentives for electric vehicles and regulations aimed at phasing out coal and natural gas power plants. Additionally, the administration plans to reverse Biden’s clean energy standards, signaling a significant shift in the country’s approach to climate policy and energy development.
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