Trade Insights Today - Investing and Stock News
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Trade Insights Today - Investing and Stock News
No Result
View All Result
Home Latest News

‘Exciting chapter’: Interior Sec takes aim at Biden oil lease ban, ‘coercive’ climate policies in Day 1 orders

by
February 4, 2025
in Latest News
0
‘Exciting chapter’: Interior Sec takes aim at Biden oil lease ban, ‘coercive’ climate policies in Day 1 orders
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

President Donald Trump’s administration is taking aim at various Biden-era environmental rules and regulations by stripping the energy sector of ‘coercive’ climate policies and oil lease bans, and launching internal investigations into agency actions that ‘burden’ energy development.

Secretary of Interior Doug Burgum, who was sworn-in on Friday, spent his first full day on the job implementing six new orders that reinforce Trump’s agenda and set the tone for the department over the next four years.

The secretary’s orders include examining ways to eliminate ‘harmful’ and ‘coercive’ climate policies, lifting Biden-era bans on oil and gas leases, and conducting a review of the legislation that funded the former administration’s green energy agenda, known as the Inflation Reduction Act (IRA).

‘Today marks the beginning of an exciting chapter for the Department of the Interior,’ Burgum said in a statement. ‘We are committed to working collaboratively to unlock America’s full potential in energy dominance and economic development to make life more affordable for every American family while showing the world the power of America’s natural resources and innovation.’

In a press release issued on Monday, Burgum announced the department’s first initiatives.

The DOI pledged to expedite the completion of all authorized infrastructure and environmental projects to address the National Energy Emergency, which was declared by Trump on Inauguration Day.

The department will also conduct a review of all appropriations from the IRA, after former President Joe Biden spent the remaining months of his presidency trying to rapidly dish out funds from the bill to fund green energy projects across the country. 

Additionally, the DOI said that for every new regulation issued, the department will eliminate at least 10 existing ones as part of Trump’s ‘deregulation agenda.’

Burgum also demanded ‘immediate compliance’ with Trump’s overturning of Biden’s oil and gas lease ban, specifically in the Outer Continental Shelf, and said the department will be conducting a review of all agency actions that ‘potentially burden the development of domestic energy resources.’

The DOI, on Monday, also withdrew a June 2021 Biden administration order that halted oil and gas leasing in the Arctic National Wildlife Refuge, a coastal plain that the first and second Trump administrations have eyed as an oil and gas resource. 

‘Together, we will ensure that our policies reflect the needs of our communities, respect tribal sovereignty, and drive innovation that will keep the U.S. at the forefront of energy and environmental leadership,’ Burgum said in a statement.

Climate activist groups, however, have not been supportive of Burgum’s nomination.

‘From opening more public lands for extraction to attacking countless protections of lands, water, and wildlife, it’s clear that President Trump is committed to expanding fossil fuels and catering to industry at the expense of our climate, public lands and waters, and wildlife,’ Earthjustice, an environmental law group, wrote in opposition to Burgum’s nomination.

This post appeared first on FOX NEWS
Previous Post

White House expecting ‘spike’ in federal resignations as at least 20K take buyouts

Next Post

Trump eyes Abraham Accords expansion, Gaza rebuild with Netanyahu meeting on deck

Next Post
Trump eyes Abraham Accords expansion, Gaza rebuild with Netanyahu meeting on deck

Trump eyes Abraham Accords expansion, Gaza rebuild with Netanyahu meeting on deck

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Buy Bitcoin Under $100K Before The Next Bull Run

    Buy Bitcoin Under $100K Before The Next Bull Run

    April 22, 2025
    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    April 3, 2024
    Consumers are tired of price increases. Big brands are paying attention.

    Consumers are tired of price increases. Big brands are paying attention.

    February 23, 2024
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    0
    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    0
    Here are the nine Republicans running for House speaker

    Here are the nine Republicans running for House speaker

    0
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    July 7, 2025
    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    July 6, 2025
    Democrats project doom and gloom, not celebration, with July 4 messages

    Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Tradeinsightstoday.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Tradeinsightstoday.com