Houston, TX, Wednesday, April 19, 2017 – President Donald Trump’s executive order on energy will move the United States a step closer to fully harnessing the economic benefits of a vibrant oil and gas industry, says Dan K. Eberhart, CEO of Canary, LLC.
The “Promoting Energy Independence and Economic Growth” order, signed March 28, seeks to ensure that US climate policies, in their efforts to protect the environment, don’t sacrifice the health of the country’s energy industry.
It calls for the review, suspension, and – in some cases – rescission of climate policies found to place an unreasonable burden on the energy industry.
“When President Trump unveiled his America First energy plan during his campaign, he demonstrated appreciation for the economic growth, job creation, and global stability that come with a strong domestic energy industry,” Eberhart says.
“It’s exciting to see him working to put his ideas into motion so early in his presidency by issuing such a comprehensive executive order, an order that will contribute to a stronger energy industry and ultimately support the goal of US energy independence.”
Eberhart says he is particularly heartened by the following highlights:
- Trump has ordered the Environmental Protection Agency (EPA) to review and, if appropriate, suspend, revise, or rescind the Obama administration’s 2015 Clean Power Plan, an aggressive effort to limit power plant greenhouse gas emissions that has been criticized for hurting the coal industry.
- Trump has requested that federal agencies review regulations, orders, guidance documents, and policies that “unnecessarily obstruct, delay, curtail, or otherwise impose significant costs” on activities related to providing or utilizing energy resources. These will include the EPA’s final rule on methane emissions from new or modified oil and gas sources.
- Ryan Zinke, Secretary of the Interior, is to assess three rules issued by his department on oil and gas production on federal and private land and the U.S. Outer Continental Shelf.
- Trump’s order withdraws several Obama administration documents related to the social cost of carbon. The administration used their cost estimates in an effort to provide a scientific basis for the benefits of their climate policies.
Government agencies have until July 26 to submit a draft report describing the findings of their policy reviews.
“It’s encouraging to see this country move toward a common-sense approach to balancing environmental concerns with policies that support a strong energy sector,” Eberhart says.
About Canary, LLC
After ten acquisitions and seven decades, Canary, LLC, is one of the largest private wellhead service company in North America. Canary serves its clients and the public through quality drilling and production services, local charitable endeavors, and energy policy campaigns. Visit canaryUSA.com, fb.com/CanaryConnects, or @CanaryConnects.