https://www.engineeringnews.co.za

Trump victory a boost for fossil fuels – S&P Global Platts

18th November 2016

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

The campaign statements of US President-elect Donald Trump indicate the likelihood of his adopting policies that are fossil fuel friendly, S&P Global Platts said last week.

The energy information provider said Trump’s standpoint is to allow the market to decide which forms of energy succeed.

He has also promised to open all federal lands and waters to fossil fuel production.

Any environmentalist attempt to curb domestic fossil fuel production is likely to be rebuffed and US producers will likely be granted more access to both on- and offshore resources.

The organisation records Trump as saying he will pursue a policy path to open up more US lands and waters to drilling and, in turn, boost consumption of even cheaper domestic oil, gas and coal.

Trump will likely quash efforts to institute new greenhouse-gas performance standards for petroleum refineries and may push to weaken future fuel economy standards for light-duty vehicles.

The Environmental Protection Agency (EPA) is expected to be dismantled or overhauled and the Obama administration’s regulations to curb coal industry pollution are expected to be rolled back.

North Dakota representative and Trump energy adviser Kevin Cramer is quoted as saying that Trump believes the EPA should return to its core mission of protecting clean water and clean air, and that the US Congress has granted it too much leeway in interpreting legislation.

Trump is said to question the widely held scientific consensus that human activity is causing climate change and to favour the EPA and the Department of the Interior abandoning efforts to regulate methane emissions from oil and gas operations.

He may also weaken future car and truck fuel-economy standards, S&P Global Platts added in its release to Creamer Media’s Mining Weekly, which stated that Trump is committed to spending “at least double” what rival Presidential contender Hillary Clinton planned to spend on infrastructure, and funding it with new debt to take advantage of still-low interest rates.

Trump will be required to fill key positions at the EPA, the Department of Energy and other agencies that make decisions on energy and appointments to the Federal Energy Regulatory Commission.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.045 1.092s - 122pq - 2rq
Subscribe Now