Trump's return expected to open doors for fossil fuel growth

Former President Trump's election victory has spurred hope in the oil, gas and mining sectors for a rollback of environmental regulations and increased domestic energy production.

Zack Budryk reports for The Hill.

In short:

Fossil fuel and mining industries anticipate a friendlier regulatory environment under the Trump administration, including potential reversals of Biden-era restrictions on emissions and energy.
Industry leaders expect Trump to ease restrictions on domestic drilling and mining, lift mandates on vehicle emissions and support liquefied natural gas (LNG) production and exports.
Permitting reforms for energy projects could see faster action under the GOP-led Senate, with particular interest in accelerating infrastructure development.

Why this matters:

Trump’s approach could reduce regulatory barriers, bolstering fossil fuel production but raising concerns about environmental impacts and public health risks. Expanding oil, gas and mining operations may also slow progress toward renewable energy goals in the U.S. and complicate global climate initiatives.

thehill.com

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