President Trump signed an executive order Friday that could lead to the expansion of drilling in the Arctic and Atlantic oceans, saying it will reverse his predecessor’s Arctic leasing ban and create “great jobs and great wealth” for the country.
Trump said the executive order, titled “Implementing an America-First Offshore Energy Strategy,” will direct a “review of the locations available for off-shore oil and gas exploration” and related regulations.
“Today we’re unleashing American energy and clearing the way for thousands and thousands of high-paying American energy jobs,” Trump said in his announcement.
“Our country is blessed with incredible natural resources, including abundant offshore oil and natural gas reserves,” he said. “But the federal government has kept 94 percent of these offshore areas closed for exploration and production.”