ERIN McDONOUGH, MOGA PRESIDENT
On March 28, an Executive Order was issued by the Trump Administration outlining a series of actions to be taken related to promoting energy independence and economic growth in the U.S. Highlights of particular interest to the industry include:
Sec. 2: Immediate review of all agency actions that potentially burden the safe, efficient development of domestic energy resources;
Sec. 5: Review of estimates of the social cost of carbon, nitrous oxide and methane for regulatory impact analysis;
Sec. 7: Review of the final rule entitled “Oil and Natural Gas Sector: Emission Standards for New, Reconstructed, and Modified Sources” (Administrator of the EPA); and
Sec. 7: Review of four oil and gas related rules on federal lands (Secretary of the Interior)
A full copy of the President’s Executive Order can be found here.
In the White House Press Release, the EO is stated to have four key goals:
1) MUCH NEEDED REFORM: The past Administration burdened Americans with costly regulations that harmed American jobs and energy production.
2) AMERICAN ENERGY INDEPENDENCE: President Donald J. Trump’s Energy Independence Policy Executive Order reverse the regulations on American jobs and energy production.
3) FREEING AMERICA’S POTENTIAL: President Trump has worked tirelessly to free American industry and ingenuity from the constraints of Government overreach.
4) FULFILLING HIS PROMISE: By taking action on the Clean Power Plan, President Trump is fulfilling his promise to the American people.