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Trump's desire to stimulate the development of the traditional energy industry

June 09,2017      views

In the one months since President Trump took office, many of the promises of the campaign are being cashed, whether anti-immigrant, anti-free trade or deregulation. Soon, Trump will aim for the next target-restoring the status of traditional energy.

Mr Trump will sign two new presidential decrees this week to suspend former President Barack Obama's policies on climate change and water pollution control, the US media said, citing people familiar with the case.

Although these two executive orders are still in the offing, and there is still a period of time before the real implementation, a clear signal has been heard: even if it is contrary to the idea of environmental protection, the new government is determined to promote the production of fossil fuels and related economic activities.

The first executive order aims to reduce U.S. reliance on other countries in the energy sector, requiring the EPA to revise its 2015 issue of restrictions on greenhouse gas emissions from existing power plants, while also requiring the land administration under the Ministry of the Interior to abolish the ban on federal coal land leases.

Trump's actions are no doubt again aimed at Obama's policies, which have made Mr Obama's environmental policy shaky. The "Climate Action Plan", unveiled by Mr Obama in 2013, is the nation's first nationwide climate action plan, with the central goal of reducing carbon emissions from power plants and promoting renewable energy. In addition, the "Clean Energy Program" is the Obama administration's major achievements in climate change and environmental protection, with the goal of achieving a 1/3 reduction in emissions by 2030 compared with 2005. However, these plans are mainly based on the executive power of the president. Under the law, Trump has the power to overturn the executive order of the former president, so it is not difficult to understand why Mr. Obama's environmental policy was firmly anchored.

The second executive order requires the Environmental Protection Department and the United States Army Corps of Engineers to amend the 2015 United States waters (waters of the United States) Ordinance. The content is now part of the Clean Water Act of 1972 ($number Water Act), which gives the federal government the authority to regulate water in waters such as major waters and wetlands, rivers, streams, and so on, covering 60% of the waters of the United States. Regulations constrain agricultural production activities and development that may contaminate river branches and intermittent water bodies.

Earlier, Trump and many industrial organizations have criticized the above-mentioned provisions, that this is the federal government excessive use of power to intervene in economic development. Trump even thinks climate change is a "scam", raising the risk of a US withdrawal from the Paris pact.

In fact, Trump signed a bill last week that overturned rules banning the dumping of waste in nearby waters, and expressed strong support for the miners who have given him strong support during the campaign. "Mining is a big business. I have supported these people (miners) right from the start, and I will not forget this in the future. ”

Mr Trump campaigned openly for support for traditional fuels such as coal, and repeatedly stressed that he would overturn the Obama plan to reduce the use of fossil fuels, saying those plans would harm the U.S. coal industry. Myron Ebell, a senior researcher at the Competition Business Association who worked at Trump's environmental transition team, says Mr Trump is now "committed to Ipore the campaign".

But Ipore also said that Trump's policy was "going to take time, maybe days, months, or even years".

In accordance with the procedures, the president to suspend the above-mentioned policy to initiate any action has the possibility of triggering a legal battle, to be put into place more involved in a time consuming at least 1.5 of the work. But even so, the policy trends embodied in these decrees have been sufficient to directly influence investment decisions and economic behaviour in such areas as power plants, mining, agriculture and real estate. Clearly, these executive orders will spur the development of the traditional energy industry.

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