Trump’s Policies Are Creating Uncertainty for Fossil Fuel Companies

The Trump administration aims to make fossil fuels cheap—so cheap they wouldn’t be worth extracting. “‘Drill, baby, drill’ is nothing short of a myth,” one oil executive has said.

Last week, the US Department of the Interior announced that it would speed up the approval process for certain fossil fuel projects, proclaiming that environmental analyses that previously would have taken years must now be taken down to, at maximum, a month. While the new procedures are seemingly a gift to the industry, this may actually be terrible news for pipeline developers, drillers, and miners.