Industry Lobby Groups Sound Off on Trump's Election as President

Industry lobby groups congratulated Donald Trump Wednesday on his election as U.S. president, citing the promise a Trump administration will have on U.S. energy policy and the economy. But one environmental group said Trump’s election posed a threat to the U.S. environment.

American Petroleum Association (API) President and CEO Jack Gerard said in a press statement that API looked forward to working with the Trump administration on smart energy policies that protect the United States as the global leader in oil and natural gas production, development, and refining, while also reducing carbon emissions. The United States can build on this success by industry and government collaborating to not only boost energy production and infrastructure development, but reject policies that could possibly harm job creation or raise costs for American consumers and businesses.

Citing Trump’s election as a “historic moment” for the United States, U.S. Energy Association Executive Director Barry Worthington said that Trump has promised to make sweeping changes to U.S. energy policy, including the dissolution of the Clean Power Plan (CPP) and withdrawal from global climate agreements, including the Paris Accord. Without the CPP, a number of coal plants may not have to go into retirement, and natural gas will continue to provide over 30 percent of U.S. electric generation, Worthington said in a Nov. 9 press statement.

Trump is not expected to push for federal incentives or subsidies for renewable energy. However, wind and solar projects already in the pipeline will likely reach fruition under the new administration. State authority over renewable portfolio standards will help drive some of that renewable energy expansion and technology growth, Worthington added.

The Association of American Railroads (AAR) is eager to work with the Trump administration and U.S. Congress to advance policies to spur economic growth, support quality jobs and further cement the U.S. as a global leader, said Edward R. Hamberger, AAR president and CEO, in a Nov. 9 press statement. Shale activity in remote areas of the United States drove oil and gas companies to rely heavily on railroad cars to transport oil to the market.

“As a business leader, Trump understands many of the economic challenges facing this country,” Hamberger commented in the release. “As such, we hope he will move quickly on issues such as comprehensive tax reform that reduces the corporate rate, a review and reform of the broken regulatory system and an embracement of fair and open trade. These policies, as well as the steady presence of America’s privately owned freight rail network, are critical to enacting much of Trump’s agenda, including public infrastructure investment.”

Environmental lobby group Friends of the Earth vowed to fight the hate, greed and environmental destruction they anticipate from the Trump administration.

“The next four years will not be easy, but we have fought hostile administrations before,” the group said in a Nov. 9 press statement. “Under President George W. Bush, the environmental community took the battle to the courts and Congress and watchdogged political appointees; we blocked attacks on the environment; we galvanized the public to take action. After the more recent fights to kill the Keystone XL pipeline, ban fracking and shut down coal plants, the environmental movement is stronger than we have ever been.”

Karen Boman has more than 10 years of experience covering the upstream oil and gas sector. Email Karen at kboman@rigzone.com

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