American Energy Positioned To Benefit From Tax Reform
President Trump and his Administration have acted aggressively to increase exports of our energy resources to the global market. The Trump Administration has:
- Updated guidance from the Treasury Department to allow the United States to promote investments in overseas coal development in a meaningful way.
- Expedited the permitting and approval processes of Liquefied Natural Gas (LNG) terminals and exports, including the approval of the Lake Charles LNG terminal in Louisiana.
- This regulatory streamlining will accelerate the rebuilding of the community around Lake Charles, an area that has been hit hard by Hurricane Harvey.
- President Trump has unleashed oil and gas development in the United States by expanding access to resources and the infrastructure needed to get energy to market. President Trump has:
- Approved the Keystone XL and Dakota Access pipelines, creating over 42,000 jobs and $2 billion in earnings.
- Signed an Executive Order to help ensure that future pipeline work will be done by American workers and with American steel.
- Expedited new pipeline approval and production, such as the New Burgos Pipeline to Mexico.
- Signed an Executive Order to extend offshore oil and gas drilling and reissued a leasing program to develop offshore resources.
- Boosted oil and gas development on Federal lands.
- The Environmental Protection Agency is reconsidering an Obama-era rule on greenhouse gas emissions that is estimated to cost oil and natural gas operators as much as $530 million annually.
- President Trump kept his campaign promise to coal miners and rolled back the previous administration’s “Stream Protection Rule,” which targeted the beleaguered industry with estimated costs of at least $81 million per year.