Drillers Decline Trump’s Marine Sanctuary Offer

3 Oct 2017   USA

There can hardly be any doubt that President Trump is determined to make good on his campaign promises, which made the energy industry a top priority. After opening up more federal lands to drillers and coal miners, and making public its plans to allow drilling in the Arctic, the Trump administration has begun a review of 11 marine sanctuaries to consider opening them for oil and gas drilling. While industry groups like the American Petroleum Institute have only had praise for the new administration’s initiatives so far, this time reactions are more lukewarm. No one has forgotten the months-long protests against the Dakota Access pipeline or the activist shareholder pressure that Exxon bent under regarding its refusal to acknowledge climate change and the role of the oil industry in it. Likewise, it’s not too difficult for Big Oil to imagine the public and shareholder backlash against any oil company […]

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