Recently, President Donald Trump’s administration introduced the Energy Independence Policy. It aims to boost energy production in the United States. It will also allow the country to capitalize on its position as the world’s largest oil and natural gas producer.
The new policy aims to continuously expand energy production in the country while increasing jobs. According to Trump, this entails removing the Clean Power Plan established under President Barack Obama’s administration.
“We’re ending the theft of American prosperity, and rebuilding our beloved country,” Trump said while delivering remarks at the Environmental Protection Agency (EPA) Headquarters. White House press secretary Sean Spicer also explained, “The President strongly believes that protecting the environment and promoting our economy are not mutually exclusive goals.”
Trump looks to dismantle the Clean Power Plan.
According to Trump, the Clean Power Plan will be subject to “immediate reevaluation.” He called the plan a “crushing attack on American industry,” threatening jobs of miners and energy workers. The National Mining Association estimates that coal production would drop by as much as 242 million due to the Clean Power Plan. It also increases electricity rates in 41 rates by around 10 percent, according to NERA Economic Consulting.
Trump looks to promote coal production in America.
Trump had also said he will be lifting the ban on federal leasing for coal production. “We will produce American coal to power American industry,” the president said. At the same time, the executive policy would also lift restrictions on the production of shale energy, natural gas and oil to encourage more jobs.
Previous actions affecting domestic energy production face tough review.
Trump’s new executive order is also directing agencies to review actions that have harmed domestic energy production. These will go under review for suspension, revision or repeal. Agencies will then be required to finalize plans in 180 days. Moreover, Trump also asked each agency to form a Regulatory Reform Task Force. This will help identify any regulations that are deemed “costly and unnecessary.”
“With today’s executive action, I am taking historic steps to lift the restrictions on American energy, to reverse government intrusion, and to cancel job-killing regulations,” Trump declared.
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