Donald Trump is telling companies investing $1 billion or more in the US that they will receive accelerated regulatory approvals – signaling an effort to remove hurdles in the permitting process.
Trump posted the policy in a statement on his Truth Social platform, without explaining how he would circumvent the layers of environmental regulations written into law or the U.S. Code. These regulations often come after a lengthy review process and regularly lead to industry battles that can last for years.
“Any person or company investing ONE BILLION DOLLARS OR MORE in the United States of America will receive fully expedited approvals and permits, including, but in no way limited to, all environmental approvals,” Trump wrote on Tuesday. ‘Get ready to rock!!!’ he added.
It’s part of a plan to boost economic growth, on a day when President Biden touted his own economic agenda.
It came just a day after the outgoing Biden administration announced a sweeping new final rule ban any use of the chemical TCE and all consumer and commercial uses of PCE
‘TCE is a highly toxic chemical known to cause liver cancer, kidney cancer and non-Hodgkin’s lymphoma. TCE also causes damage to the central nervous system, liver, kidneys, immune system, reproductive organs and heart defects in the fetus,” according to an EPA statement.
The Trump transition has been working on a package aimed at speeding up the permitting of liquefied natural gas projects and boosting drilling on federal lands and off the U.S. coast, sources said. Reuters. It would happen within days of Trump taking the oath of office.
Trump plans to repeal many environmental regulations implemented by President Joe Biden.
He has regularly mocked his climate change agenda, inflated large subsidies for electric cars and repeatedly called for “drill, baby, drill.”
President-elect Donald Trump said anyone investing $1 billion or more in the US would receive expedited permits to help speed up ‘environmental approvals’
He even invoked the call to harness American energy when pressed about his comment that members of the House of Representatives’ Jan. 6 committee should “go to jail.”
“I’m going to focus on drill, baby, drill,” Trump said when pressed.
Biden economic adviser Jared Bernstein addressed the authorization post during the White House briefing on Tuesday.
“We’ve had tremendous foreign direct investment, and yes, we’ve certainly tried to help reduce the burden on permits and things like that, and there’s more to do in that area,” Bernstein said. after saying he would hesitate to respond to a Trump tweet.
“And I think there are members of Congress — that I think is a bipartisan issue that we could work on.” So if the Trump team is serious about trying to clear some of that undergrowth, there’s only one thing I hear too often from him and them: ignoring the impact of some guardrails that are there for a reason. ‘