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Trump says anyone investing $1 billion in US will receive expedited permits
The statement, posted on his social media platform Truth Social, did not offer further details.
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United States president-elect Donald Trump gestures as he meets with House of Representatives Republicans on Capitol Hill in Washington DC on Nov. 13, 2024. (Reuters/Brian Snyder)
U
S President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the US "will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals."
The statement, posted on his social media platform Truth Social, did not offer further details.
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 UScoast, 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.
The Trump transition team did not immediately respond to a request for comment.
Trump, a Republican, also plans to repeal some aspects of Democratic President Joe Biden's regulations and top climate legislation, such as tax credits for electric vehicles and new clean power plant standards that aim to phase out coal and natural gas.
