President Trump made an offer to any individual or company that invests at least $1 billion into the United States economy.
“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. GET READY TO ROCK!!!” Trump said.
( @realDonaldTrump – Truth Social Post )
( Donald J. Trump – Dec 10, 2024, 2:16 PM ET )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… pic.twitter.com/0HmAGzajxE
— Donald J. Trump TRUTH POSTS (@TruthTrumpPosts) December 10, 2024
Per Reuters:
Trump’s transition team is working on a package to roll out within days of his taking office on Jan. 20 to approve export permits for liquefied natural gas projects and to increase oil drilling on federal lands and off the U.S. coast, sources familiar have said.
It was not immediately clear how Trump could work around independent commissions such as the Federal Energy Regulatory Commission, which has recently required additional environmental reviews for LNG projects.
Trump Says Companies Investing $1 Billion In U.S. Will Soar Through Environmental Regulationshttps://t.co/vucnDYmFF0 pic.twitter.com/FROCe8UwmT
— Forbes (@Forbes) December 10, 2024
BREAKING: Trump announces HUGE incentives for companies investing $1 billion or more in the U.S. economy.
Expedited approvals and permits, which will make the process easier on companies! pic.twitter.com/k5SzHDWAyI
— Ryan Fournier (@RyanAFournier) December 10, 2024
From The Hill:
The National Environmental Policy Act (NEPA) — one of the nation’s bedrock environmental laws — requires federal agencies to conduct environmental reviews before taking actions such as approving energy production and approving infrastructure projects like pipelines and highways.
Many companies and corporate lobby groups have long complained about the length of such reviews, saying they can create lengthy and expensive delays.
William Buzbee, a law professor at Georgetown University, told The Hill in an email that the president can ask agencies to “act with alacrity for particular high priority actions.”
However, he said that these asks will “at most just cue up some prioritized actions, with the agencies still required to follow NEPA’s mandates and process.”
He said that the law does not provide a “statutory fast track for big investments in big projects.”
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