Trump plans to reverse Biden’s LNG freeze, increase oil drilling during first day in office: report

President Donald Trump is reportedly planning to focus heavily on two policy changes to boost natural energy production during his first days in office. According to a new report

As his second term agenda begins to take shape The president-elect is eyeing immediate changes to current policy regarding liquefied natural gas (LNG) permits and oil and gas drilling leases. A source familiar with the transition plans told Reuters.

President Biden began suspending new LNG export licenses in January. It’s a move that has been widely criticized by the oil community and bipartisan lawmakers in the House. The National Association of Manufacturers conducted a study on the ban that found nearly 1 million jobs could be threatened by the phasing out of LNG over the next two decades. If such restrictions remain in place, Fox News Digital previously reported.

However, it is reported that Trump He “plans to get serious about this issue” of LNG exports when he takes office. A source told Reuters.

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President Donald Trump reportedly plans to lift President Biden’s suspension of liquefied natural gas export licenses. (Ivan Vucci)

The Republican president-elect plans to lift Biden’s pause and allow new licenses for LNG exports next year, fulfilling a promise he made often during the campaign.

Trump will also try to increase sales of leases for drilling along the coast. Expedite license approval and expanding drilling on federal land.

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The latest report comes as a number of initiatives are being launched. Biden’s climate focus appears to be in jeopardy under the incoming Trump administration.

Valero Distillery in Benicia, California, on Monday, March 25, 2024. (David Paul Morris)

Trump has talked for months about his plans to roll back Biden’s green policies, such as tax credits for electric vehicle purchases. He also plans to withdraw from the Paris climate accord for a second time, expand fracking and revive the Keystone XL gas pipeline, which was canceled on Biden’s first day in office.

“It was a breath of fresh air. We were running on cloud nine,” said former Keystone Pipeline employee Bugsy Allen. “Fox and Friends Weekend” on Sunday – amid news that Trump may restore a crude oil pipeline from Canada to the United States.

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“It will make a huge difference in your energy bill, your food bill, the gas you put in your car. It will be the primary starting point for reducing everything for the American people that we have” suffered so much in the last administration.”