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What the oil and gas industry wants from Trump and how the 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 and waters for oil and gas exploration, and the industry anticipates similar or even more aggressive actions to boost production and reduce environmental oversight. This could involve appointing officials with industry ties to key positions, further streamlining environmental reviews, and possibly offering tax incentives or subsidies to the sector.

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-AA1vBLiB ]