Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

More states seek exemptions from Trump offshore drilling plan

Published 01/10/2018, 06:15 PM
Updated 01/10/2018, 06:15 PM
© Reuters.  More states seek exemptions from Trump offshore drilling plan
  • The Trump administration's announcement to exempt Florida from its plan to expand offshore drilling is opening the way for other states to seek exemptions and handing offshore drilling foes ammunition for lawsuits.
  • The governors of North and South Carolina have requested their own meetings with Interior Secretary Zinke, while others issued sharply worded Tweets and other statements.
  • The Interior Department has wide discretion but must show it has considered affected states and treated them fairly or risk legal challenges under the Administrative Procedure Act, and thus the drilling proposal now may be vulnerable to legal claims that it was arbitrarily put together if the government does not consider other states’ opposition or prove that Florida is different from other coastal states, legal experts say.
  • “Through this [response to Florida's governor], they’ve provided an avenue of veto for every governor,” says David Hayes, a former Interior deputy secretary. “Generally, an agency like the Interior Department thinks before it acts.”
  • ETFs: XLE, VDE, XOP, ERX, OIH, GASL, FCG, XES, ERY, DIG, BGR, GUSH, FENY, IYE, DUG, DRIP, IEO, FIF, GASX, IEZ, NDP, PXE, RYE, PXJ, CRAK, FXN, DDG, NANR, FTXN, JHME, ERYY, ERGF
  • Now read: Crude Oil Has Significantly Out-Performed OIH Since June


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.