US President-elect Donald Trump has pledged "fully expedited permits", including environmental approvals, for companies that invest $1 billion in the country.
Although he did not specify who would be eligible for the fast-tracked approvals, energy projects, including natural gas pipelines, export terminals, solar farms and offshore wind turbines, meet the billion-dollar criteria.
In a post on his Truth Social app on Tuesday, the President-elect said that anyone making a $1 billion investment in the US “will receive fully expedited approvals and permits, including, but in no way limited to, all environmental approvals”.
advertisement
“Get ready to rock,” he added.
As per the US National Environmental Policy Act (NEPA), government agencies are required to assess environmental effects before approving any energy or infrastructure projects like pipelines and highways.
Trump's announcement will come as a boon to companies that have long-complained about delays regarding such assessments.
Published By:
Karishma Saurabh Kalita
Published On:
Dec 11, 2024