On November 19, 2024, US President-elect Donald Trump watched the sixth test launch of the SpaceX Starship rocket in Brownsville, Texas.
Brandon Bell | Reuters
President-elect Donald Trump vowed on Tuesday that individuals or companies investing at least $1 billion in the United States would receive “comprehensive and expedited approvals and licensing.”
Trump said in a post truth society Make environmental approvals part of investment incentives.
“Any person or company investing a 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. Get ready to rock!” Trump wrote.
The specific details of Trump’s proposal are unclear. Trump’s transition team did not immediately respond when CNBC asked for details on what rules or regulations would be reduced to provide “fully expedited” approvals or permits.
It’s unclear why Trump decided to issue this message exclusively on Tuesday. But earlier that day, United States Supreme Court Arguments over a controversial federal environmental review of Utah’s proposed oil railroad are heard.
The article is the latest sign that Trump intends to loosen regulations on federal agencies and attract more foreign investment during his second term.
By singling out environmental approvals, Trump’s post also shines a spotlight on his plans to roll back a host of Biden-era policies, including Electric Vehicle Tax Credit and stricter fuel standardsaimed at combating climate change.
Trump chose LizeldinWhen leading the Environmental Protection Agency, he vowed to cut regulations he said were burdensome to businesses.
