President Obama’s eight-year effort to rein in the energy and mining industries with environmental regulations will likely come to a halt under President-elect Donald Trump, who is poised to green-light key job-creating projects from the Atlantic Coast to Alaska.
With the election of Donald Trump — and a transition team that includes GOP energy lobbyist Mike McKenna and outspoken climate change skeptic Myron Ebell — both sides now see their fortunes reversing amid Trump’s promise to rescind Obama’s signature Clean Power Plan and jump-start oil, and natural gas projects.
“I think 80 percent of President Obama’s policies will be reversed very soon after Trump moves into the White House,” Robert McNally, the president of the Rapidan Group, the energy consulting firm, and former official in the George W. Bush administration, told FoxNews.com. “The Trump administration will reverse the global warming principles enacted under Obama and he will stop the politicization of infrastructure. This will definitely spur on the growth of the oil and gas industries.”