President-elect Donald Trump on Tuesday promised 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.
Donald Trump listens during a roundtable meeting with energy sector CEOs in the Cabinet Room of the ... [+]
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. GET READY TO ROCK!!!”
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.
How Trump will help investors get around regulations isn’t clear, but Trump has vowed to increase domestic production of oil and natural gas, projects that are often stymied or killed in the regulatory process.
Trump's choice for secretary of energy, Chris Wright, is expected to support a so-called "all-of-the-above” energy policy that will support oil and natural gas production alongside solar, wind, geothermal and nuclear projects.
This is a developing story and will be updated.
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