President Joe Biden is marking Earth Day by announcing $7 billion in federal grants to provide residential solar projects serving 900,000-plus households in low- and middle-income communities.
Why are they record high? The Trump administration dialed back Obama-era regulations targeting industry pollution and encouraging zero-emission competitors to fossil fuels.
It’s three years old, because it’s a list of regulations that Trump repealed. He hasn’t been president since, so there’s no reason to update. Trump repealed Obama-era regulations that inhibited big oil in favor of zero-emission alternatives. That has a positive impact on oil production in the years that follow, hence the record production.
He has been, but it’s much easier and faster to repeal legislation than it is to enact it. Trump took us back a decade in his first two years in office.
That’s part of the Inflation Reduction Act. In the Treasury Department’s Green Book, under the heading “eliminate fossil fuel tax preferences,” 13 current-law provisions will be repealed or replaced, raising $31 billion over 10 years. Additionally, the document details $66 billion of tax increases on the foreign income of U.S. oil and gas companies, costing the industry $97 billion.
I agree that Willow was a disappointment at first. They had existing leases, so they would’ve gotten the license with a subsequent lawsuit regardless. As part of the license agreement, the lease was reduced by a third, and they were required to forgo 68,000 acres of existing leases, which Biden recently included in the new 13 million acre reserve. Overall it was a big step back, and a bigger step forward.
Why are they record high? The Trump administration dialed back Obama-era regulations targeting industry pollution and encouraging zero-emission competitors to fossil fuels.
111 climate regulations repealed in one term.
https://www.nytimes.com/interactive/2020/climate/trump-environment-rollbacks-list.html
Your article is from 3 years ago and does not give Trump credit for the record oil drilling that the Biden administration considers an accomplishment.
It’s three years old, because it’s a list of regulations that Trump repealed. He hasn’t been president since, so there’s no reason to update. Trump repealed Obama-era regulations that inhibited big oil in favor of zero-emission alternatives. That has a positive impact on oil production in the years that follow, hence the record production.
And Biden did nothing at all to revert Trump’s changes?
He has been, but it’s much easier and faster to repeal legislation than it is to enact it. Trump took us back a decade in his first two years in office.
Cool. Let’s repeal oil subsidies.
Removed by mod
He was trying to give Trump credit for Biden’s accomplishment.
That’s part of the Inflation Reduction Act. In the Treasury Department’s Green Book, under the heading “eliminate fossil fuel tax preferences,” 13 current-law provisions will be repealed or replaced, raising $31 billion over 10 years. Additionally, the document details $66 billion of tax increases on the foreign income of U.S. oil and gas companies, costing the industry $97 billion.
https://www.vox.com/climate/24098983/biden-oil-production-climate-fossil-fuel-renewables
Massively increased drilling. You’ll blame Trump, but this is all Biden.
I agree that Willow was a disappointment at first. They had existing leases, so they would’ve gotten the license with a subsequent lawsuit regardless. As part of the license agreement, the lease was reduced by a third, and they were required to forgo 68,000 acres of existing leases, which Biden recently included in the new 13 million acre reserve. Overall it was a big step back, and a bigger step forward.
https://www.npr.org/2024/04/20/1246085825/biden-restricts-alaska-oil-gas-leasing-reserve