The 4 actions Biden took on day one to unravel Trump's oil legacy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Biden is already unraveling Trump's oil legacy. These are the 4 most important changes he made on day one — and what to watch for next.

Biden quickly put an end to Trump's effort Wednesday, placing a moratorium on the refuge's leasing program and directing the interior secretary to conduct a new environmental review.

It does signal, however, that Biden's administration is likely to enact a broader ban on new leasing and permitting on federal lands in the months ahead. White House Press Secretary"We still expect Biden to follow through on a leasing ban," Kevin Book, an analyst at ClearView Energy Partners, wrote in a note Wednesday.

"We think the federal leasing ban is likely to emerge after Haaland's confirmation process concludes," he wrote.2. Revoking a key permit for the controversial Keystone XL pipeline Through executive action, Biden revoked a key cross-border permit that Trump had granted. An analysis carried out under the Obama Administration in 2015 determined that the pipeline wasn't in the "national interest," per the executive order.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Higher gas prices when we are all shackled from lockdowns.

Nice, down with jobs and energy independence!!

I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. lisaMakT

Let's dismantle this $$clowns purported Legacy

How are things with the capitol now?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines