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The president-elect’s proposal came with few details, but environmental groups likened it to a corporate “bribe.”
President-elect Donald Trump has teased the possibility of faster environmental approvals for companies and individuals investing at least $1 billion in the United States.
As part of a flurry of social media posts on Tuesday, Trump indicated that he planned to streamline the clearance process as part of his plan to boost the US economy.
“Any person or company investing ONE BILLION DOLLARS OR MORE in the United States of America will receive fully expedited approvals and permits, including but not limited to all environmental approvals,” Trump said. he wrote on its platform, Truth Social. “Get ready to rock!!!”
But the publication sparked an instant backlash among advocacy groups, who saw the proposal as a means of undermining the country’s environmental protections.
The Sierra Club, one of the most prominent environmental groups in the US, even compared Trump’s plan to a “bribe“.
“Donald Trump’s plan to sell to the highest bidder confirms what we’ve known about him for a long time,” said Mahyar Sorour, director of fossil fuel policy at the Sierra Club.
“He is happy to sacrifice the well-being of American communities for the benefit of his Big Oil campaign donors.”
Trump has yet to reveal how he might implement this scheme within existing government frameworks. Longstanding laws such as the National Environmental Policy Act of 1970 require permits and environmental studies for any major project that receives federal funding.
But Trump has previously built a reputation for slashing environmental policy.
During his first term as president, from 2017 to 2021, Trump took aim at what he called “unnecessary and inappropriate” environmental regulations, accusing them of overburdening American industries.
A New York Times analysis indicated that by the end of his four-year term, Trump had achieved the full rollback of approximately 112 environmental regulations, with others weakened or partially dismantled.
Among the laws he targeted were standards for greenhouse gas emissions, air pollution and offshore drilling.
During this year’s campaign, Trump once again pledged to reduce restrictions on oil and gas production, including by repealing the Inflation Reduction Act of 2022one of the most substantive climate change laws in US history.
“We’re going to cut red tape. We’re going to get the job done,” Trump said in August at a campaign stop in Potterville, Michigan. One of his many campaign slogans was “Drill, baby, drill.”
Also as part of his “America First” platform, Trump promised the return of American manufacturing jobs from overseas, largely through the implementation of protectionist trade policies such as tariffs. But his plan also includes incentives for companies that invest in the US.
“Not only will we prevent our companies from leaving for foreign lands, but under my leadership, we will take jobs from other countries,” Trump said at a rally in Savannah, Georgia, in September.
“We’re going to take their factories. We had a great time four years ago. We’re going to bring thousands and thousands of companies and trillions of wealth back to the good ol’ USA.”