The largest oil & gas industry group in the U.S. is calling for the end of federal policies to promote electric vehicles and pause the approval of liquified natural gas export terminals, according to a plan for the Trump Administration released this week.
The American Petroleum Institute’s ‘energy road map’ released Monday calls for repealing EPA rules that require 68 percent of new cars and trucks sold by 2032 to be electric or plug-in hybrids. It also called for lifting the Biden Administration’s pause on approving some new liquified natural gas facilities, along with expanding drilling offshore and on public lands and shortcutting federal environmental rules.
Trump, who takes office Jan. 20, took more than $14 million from the oil and gas industry for his campaign, and pro-Trump political action committees accepted more than $75 million. Trump, who ran on a “drill, baby, drill” platform, had asked for $1 billion from the industry during the campaign in exchanging for limiting electric vehicles and repealing environmental regulations.
The American Petroleum Institute focused on five categories of policy actions to benefit the industry, claiming that “oil and natural gas production, especially from areas leased by the government, offers enormous benefits to all Americans.” Oil and gas production and exports reached record highs under the Biden Administration, and energy experts have said the market, not the Trump Administration, will determine what people pay for oil and natural gas.