Oil Industry Opposed to Limits on Environmental Waivers
The oil industry is pushing back against new restrictions on environmental waivers for offshore oil and natural gas projects. In a statement, American
Jul 31, 202037.3K Shares3.7M Views
The oil industry is pushing back against new restrictions on environmental waivers for offshore oil and natural gas projects.
In a statement, American Petroleum Institute Upstream Director Erik Milito said Interior Department’s decision to limitthe use of s0-called “categorical exclusions,” a type of environmental waiver, could slow down the process for permitting offshore projects.
According to the statement:
“„We’re concerned the change could add significantly to the department’s workload, stretching the timeline for approval of important energy development projects with no clear return in environmental protection. Environmental review of offshore operations under existing rules is extensive, and decisions on categorical exclusions, which are intended to avoid repetitive analysis, require review.
“„We’re in favor of targeted changes to regulations that enhance safety and environmental protection, provided the changes allow for the efficient moving forward of energy development and job creation.
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles