Reuters
Former U.S. President Donald Trump
would seek to undo much of the Biden administration’s work to fight climate
change if he returns to office after November's election, and launch new
efforts to expand fossil fuel production, according to Republican policy
experts and Trump’s campaign website.
Here are some of the likely moves:
LNG EXPORT PERMIT PAUSE
A new Trump presidency would likely
swiftly end a temporary pause on new LNG export permits that U.S. President Joe
Biden implemented this year pending a review of their environmental and
economic impacts. The United States became the world’s top exporter of the
supercooled gas after Russia’s invasion of Ukraine led U.S. allies to seek alternatives
to Russian natural gas, a boon for gas developers but a worry for climate and
environment advocates.
METHANE FEE
A Trump White House would likely
attempt to scrap an incoming rule from the Environmental Protection Agency to
charge the oil and gas industry a $900-$1500 per ton fee for methane emissions.
The measure was adopted as a way to reduce emissions of the powerful greenhouse
gas, but faces stiff resistance from drillers and pipeline companies concerned
it will hurt their bottom line.
MORE DRILLING
A second Trump administration would
likely redo the U.S. Interior Department’s five-year offshore oil and gas
leasing programto expand the size and scope of drilling auctions. Biden’s
administration drew up the existing plan with a record low number of auctions,
as part of its broader efforts to usher in a transition to cleaner energy
sources.
If Republicans control Congress after
November's elections, a second Trump administration may also move to sell off
more federal land to states who want to boost mineral, oil and gas extraction.
WITHDRAW FROM PARIS DEAL
Trump’s campaign has promised to once
again pull the United States out of an international pact to combat climate
change. Trump withdrew the U.S. from the Paris Deal during his first term, but
Biden quickly reversed the move after he was elected and has attempted since to
restore U.S. credibility and leadership in global climate efforts.
ELECTRIC VEHICLE MANDATES
A new Trump presidency would likely
direct the Environmental Protection Agency to revisit vehicle efficiency
standards that are designed to push automakers to transition more quickly to
producing battery-powered cars and trucks this decade.
INFLATION REDUCTION ACT CLIMATE TAX
BREAKS
Conservative thinktanks Heritage
Foundation and the America First Policy Institute are also looking at ways
Trump could scrap the tax breaks in Biden’s roughly $400 billion climate
legislation, the IRA, so the money could be used for other purposes like
funding extensions of the Tax Cuts and Jobs Act which is set to expire in 2025.
But getting this done will depend on whether Republicans control both the House
and Senate after November’s elections, and whether they are willing to do away
with subsidies that are mostly benefiting Republican states.