New US president Donald Trump has signed an executive order aimed at propelling Alaska's oil, gas, and other natural resources development.
The decree has reversed many of the protections and policies put in place by the previous Biden administration on natural resource development in the northern state.
“President Trump is picking up right where he left off, reversing years of damaging decisions and prioritizing Alaska’s unrivaled opportunities for responsible energy and mineral development. The policies laid out in this Executive Order will improve our economy, our budget, and our quality of life while simultaneously making energy more affordable and enhancing national security," High North News quoted Republican senators for Alaska as saying in a joint statement.
Trump plans on permitting oil and gas extraction projects in the region, including in the Arctic National Wildlife Refuge territory. The executive order sets out to expedite the permitting and leasing of energy and natural resource projects in the state, such as oil and gas development, hunting, and logging.
The president has prioritised the development of the Alaska LNG Project worth $44 billion to export up to 20m tonnes of LNG per year starting in 2031.
Theodor Lisovoy, Managing Editor, Rough&Polished
