Trump to develop oil drilling moratorium for Florida

HomeEnergy

Trump to develop oil drilling moratorium for Florida

“As of yesterday they stated there could be no announcement,” stated one congressional aide stated briefed on the plan Tuesday. “Twenty minutes in



“As of yesterday they stated there could be no announcement,” stated one congressional aide stated briefed on the plan Tuesday. “Twenty minutes in the past they instructed us he’s going to announce a 10-year moratorium. However it‘s nonetheless in flux.”

Trump’s transfer is anticipated to develop a present moratorium on drilling within the Jap Gulf of Mexico for 10 years and broaden it to incorporate drilling off the Atlantic coasts of Florida, South Carolina and Georgia. The present moratorium expires in 2022.

The brand new transfer is anticipated to be finished by Presidential Memorandum, based on the administration official. That car — the identical one the Obama administration used to withdraw elements of Alaska from drilling — would have the identical affect as a Congressional moratorium, an trade supply added.

Half a dozen trade officers and lobbyists who had been engaged on the offshore exploration difficulty with the Inside Division, which develops the federal authorities’s five-year drilling plans, instructed POLITICO the administration by no means talked about extending the moratorium.

“It’s an entire ambush,” stated one trade official who had been abreast of Inside’s plans. “No one is aware of the place this got here from. It completely looks like a marketing campaign kind of factor.”

Trump’s latest plans to announce an extension of the drilling moratorium had been first reported by POLITICO earlier on Tuesday. The White Home and the Inside Division declined to remark.



www.politico.com