Incoming US president Joe Biden has drawn up a list of changes he will make on “day one” of his presidency. This includes changes to oil and gas policies made by previous president Donald Trump. Biden has pledged significant changes to oil and gas leasing for US operators, but this legislation would need to pass through the US congress. Using executive orders, Biden will have the ability to make some changes much faster. Here are three policies Biden seems likely to make in his first week in power.
Biden to rescind permits for Keystone XL pipeline
On Saturday, Biden’s chief of staff Ron Klain sent an incomplete list of priority actions for “the first 10 days of the administration” to senior staff. While this did not include action on the Keystone XL Pipeline, the Canadian Broadcasting Corp reports sources as saying the full list includes revoking permits for the pipeline. Read more…..
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U.S. Department of Energy Secretary Dan Brouillette joins CNBC’s Brian Sullivan ahead of the department’s Natural Gas Summit to talk energy demand, the global oil patch and alternative energy.