Trump Vows To Reverse Biden’s Offshore Drilling Ban On Day One

Benzinga

Donald Trump, the President-Elect, announced plans to reverse President Joe Biden's offshore drilling ban immediately upon taking office. The ban protects 625 million acres across the East and West coasts, the eastern Gulf of Mexico, and Alaska's Northern Bering Sea. Legal challenges could impede the process. During his first term, a court ruled that his similar effort to overturn Obama's protections was unlawful and required congressional action. With Congress now narrowly controlled by Republicans, legislative action may play a critical role in any reversal effort.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Donald Trump, the president-elect, announced plans to reverse President Joe Biden's

00:06offshore drilling ban immediately upon taking office.

00:09The ban protects 625 million acres across the east and west coasts,

00:13the eastern Gulf of Mexico, and Alaska's northern Bering Sea.

00:18Legal challenges could impede the process. During his first term, a court ruled that

00:22a similar effort to overturn Obama's protections was unlawful and required congressional action.

00:27With Congress now nearly controlled by Republicans,

00:30legislative action may play a critical role in any reversal effort.

00:33For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Recommended