to fast track environmental approvals and other permits for any company making an investment of $1 billion or more in the United States, though how exactly he plans to help businesses skip traditional regulatory processes remains unclear.Trump posted to Truth Social, “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.
He posted no followup on the topic and members of his team did not immediately respond to Forbes’ request for clarification Tuesday. Under the National Environmental Policy Act, the federal government is required to conduct environmental reviews before approving energy production plans, infrastructure builds and other projects.to increase domestic production of oil and natural gas, projects that are often stymied or killed in the regulatory process.
The Environmental Protection Agency, which has been the target of attacks by Trump and his allies, is responsible for writing and enforcing laws that regulate air quality, protect water resources, require waste management, manage hazardous substances and otherwise police environmental impacts of public and private projects.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines.