N@N

What the oil and gas industry wants from Trump and how his administration might deliver it

The oil and gas industry is seeking several key policy changes from former President Donald Trump should he return to office, as outlined in an article from MSN. These include reversing Biden administration policies that aim to reduce greenhouse gas emissions, such as lifting restrictions on drilling in the Arctic National Wildlife Refuge and the National Petroleum Reserve in Alaska, and potentially withdrawing from the Paris Climate Agreement. The industry also hopes for a rollback of regulations on methane emissions, a reduction in royalty rates for drilling on federal lands, and faster permitting processes for new projects. Trump's previous administration was known for its deregulatory approach, which included opening up more federal lands for drilling, reducing environmental oversight, and promoting fossil fuel production. Industry leaders are optimistic that Trump would continue this trend, potentially leading to increased domestic production, lower energy costs, and a more favorable business environment for oil and gas companies. However, these changes would likely face opposition from environmental groups and could conflict with global efforts to combat climate change.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/what-the-oil-and-gas-industry-wants-from-trump-and-how-his-administration-might-deliver-it/ar-AA1vCkqZ ]