Market Data 
By Nichola Groom
(Reuters) – The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden’s policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security.
The American Petroleum Institute (API), the nation’s top oil and gas trade group, urged Trump’s incoming administration to do away with vehicle emissions standards meant to move the auto industry to produce more electric vehicles, lift a pause on export permits for liquefied facilities and work with Congress to repeal a fee on methane emissions from drilling operations, among a range of other actions.
The group unveiled the requests in a policy document shared with the media.
During his campaign, Trump vowed to reverse dozens of environmental rules and policies deemed onerous by oil and gas drillers. Despite stiffer regulations under Biden, who has sought to transition the U.S. economy to clean energy sources, the domestic industry is producing more oil and gas than at any time in history.
“Looking at the results of last week’s election, it is clear that energy was on the ballot,” API CEO Mike Sommers said on a call with reporters. “Whether it was EV mandates in Michigan or fracking in Pennsylvania, voters across the country and on both sides of the aisle sent a clear message to policymakers that they want an all-of-the-above approach to energy, not government mandates and restrictions.”
API sought to rescind California’s ability to enact state tailpipe emissions that are stricter than federal rules and to repeal U.S. Environmental Protection Agency clean vehicle rules. It also advocated supporting LNG exports, holding more auctions for oil and gas drilling in the Gulf of Mexico and reversing rules that the group says limits oil and gas development on federal lands. It wants Trump to make it easier to obtain drilling permits via changes to the Clean Water Act and National Environmental Policy Act, and implement tax incentives to infrastructure and overseas investment.
