US Oil Industry Urges Trump to Revoke Biden’s Climate Policies

The US oil and gas industry has called on President-elect Trump to repeal many of Joe Biden’s climate policies, arguing that these measures threaten jobs, consumer choice, and energy security.

The American Petroleum Institute (API), the largest trade association for the US oil and gas industry, urged the incoming Trump administration to roll back vehicle emissions standards designed to push the auto industry toward producing more electric vehicles. The API also requested the resumption of permits for liquefied natural gas (LNG) export facilities and cooperation with Congress to eliminate methane emission fees associated with drilling operations.

These requests were outlined in a policy document released to the media.

During his campaign, Trump pledged to reverse dozens of environmental laws and policies that he claimed hinder oil and gas drilling. Despite stricter regulations under Biden aimed at transitioning the US economy toward clean energy sources, the country’s energy sector produced more oil and gas than at any point in history.

The API also seeks to overturn California’s greenhouse gas emissions rules, which are stricter than federal standards. It supports LNG exports, increased oil and gas drilling auctions in the Gulf of Mexico, and the repeal of regulations limiting oil and gas development on federal lands.

The group has called on Trump to amend the Clean Water Act and the National Environmental Policy Act to simplify the permitting process for drilling and implement tax incentives for infrastructure and overseas investments.

The API unveiled its policy priorities just hours after Darren Woods, CEO of ExxonMobil, stated at the COP29 UN Climate Summit that the US should remain in the Paris Agreement, contrary to Trump’s promise to withdraw. ExxonMobil had previously advocated for staying in the agreement before Trump withdrew the US from it in 2017.

BY WPB