1 00:00:00,480 --> 00:00:05,680 Speaker 1: You're listening to Bloomberg Law with June Grassoe from Bloomberg Radio. 2 00:00:05,880 --> 00:00:09,640 Speaker 1: President Trump has expressed no concern over climate change as 3 00:00:09,680 --> 00:00:12,680 Speaker 1: he pursues his goal of American dominance and the energy 4 00:00:12,760 --> 00:00:17,200 Speaker 1: market and streamline the approval process for environmental reviews of 5 00:00:17,280 --> 00:00:23,200 Speaker 1: major projects. It's called one federal decision requires agencies to 6 00:00:23,239 --> 00:00:28,640 Speaker 1: work closely together to promptly deliver one decision. Yes, the 7 00:00:28,840 --> 00:00:34,440 Speaker 1: entire process will be completed. The entire federal government approval 8 00:00:35,159 --> 00:00:39,080 Speaker 1: process will be done. But federal courts have been faulting 9 00:00:39,080 --> 00:00:42,839 Speaker 1: the Trump administration for its lack of concern about climate change, 10 00:00:43,200 --> 00:00:46,080 Speaker 1: and the administration has a string of court losses to 11 00:00:46,159 --> 00:00:49,760 Speaker 1: prove it. Time and time again. Federal judges have rebuked 12 00:00:49,800 --> 00:00:53,560 Speaker 1: the Interior Department for selling drilling rights or advancing oil 13 00:00:53,600 --> 00:00:57,840 Speaker 1: projects without considering the real consequences to a warming planet. 14 00:00:58,360 --> 00:01:01,640 Speaker 1: Joining me as environmental law professor Pat Parento of Vermont 15 00:01:01,720 --> 00:01:06,280 Speaker 1: Law School, so Pat explain why federal judges have criticized 16 00:01:06,319 --> 00:01:10,800 Speaker 1: the Interior Department six times since Trump became president. Most 17 00:01:10,880 --> 00:01:14,080 Speaker 1: of these cases have been brought under the National Environmental 18 00:01:14,120 --> 00:01:17,880 Speaker 1: Policy Act. Of course, now fifty years old, are magna 19 00:01:17,959 --> 00:01:21,840 Speaker 1: carta as they say of environmental law. And what's striking 20 00:01:21,880 --> 00:01:26,240 Speaker 1: about this space of cases is that either the Trump 21 00:01:26,280 --> 00:01:30,600 Speaker 1: administration and the Department of Interior haven't learned anything over 22 00:01:30,640 --> 00:01:34,160 Speaker 1: the last three and a half years, or they learned, 23 00:01:34,360 --> 00:01:36,880 Speaker 1: but they're not going to change their way, so they 24 00:01:37,120 --> 00:01:42,040 Speaker 1: continue the same mistake, which is NIPA requires you to 25 00:01:42,240 --> 00:01:46,280 Speaker 1: look into the future and assess the cumulative effects of 26 00:01:46,319 --> 00:01:48,640 Speaker 1: all of this oil and gas leasing, not only the 27 00:01:48,680 --> 00:01:51,680 Speaker 1: direct effects of the leasing itself on water and air 28 00:01:51,840 --> 00:01:55,360 Speaker 1: and wildlife habitat, but also of course the climate effects 29 00:01:55,360 --> 00:01:58,720 Speaker 1: of continuing to develop all this fossil fuel and burning it, 30 00:01:58,800 --> 00:02:02,559 Speaker 1: both coal and gas. And the pattern is absolutely clear. 31 00:02:02,960 --> 00:02:05,520 Speaker 1: The courts have said over and over again, you have 32 00:02:05,720 --> 00:02:09,360 Speaker 1: to make your best estimate of what the impact of 33 00:02:09,400 --> 00:02:12,040 Speaker 1: all of this leasing and drilling and production is going 34 00:02:12,080 --> 00:02:15,160 Speaker 1: to have in light of the science, the climate science, 35 00:02:15,160 --> 00:02:19,000 Speaker 1: which is telling us we can't keep burning all this stuff. 36 00:02:19,040 --> 00:02:21,360 Speaker 1: We've got to leave much of this in the ground. 37 00:02:21,400 --> 00:02:24,040 Speaker 1: And yet you seem oblivious to what the science is 38 00:02:24,080 --> 00:02:26,800 Speaker 1: saying and to the effects that are threatened by this. 39 00:02:26,960 --> 00:02:30,320 Speaker 1: So the courts have been really clear, there's no mystery 40 00:02:30,360 --> 00:02:33,639 Speaker 1: about what the Department of Interior should be doing they're 41 00:02:33,680 --> 00:02:38,000 Speaker 1: just adamantly refusing to do. It is that the agencies 42 00:02:38,040 --> 00:02:41,440 Speaker 1: are leaving out the climate change part of the equation 43 00:02:41,800 --> 00:02:46,160 Speaker 1: when they're dealing with more traditional environmental concerns. Largely, that's 44 00:02:46,200 --> 00:02:49,720 Speaker 1: true in some of these cases, some of the impacts 45 00:02:49,760 --> 00:02:54,080 Speaker 1: on wildlife habitat, for example, the sage ground, which is 46 00:02:54,120 --> 00:02:57,919 Speaker 1: a highly threatened bird that's an indicator species versus the 47 00:02:58,040 --> 00:03:01,919 Speaker 1: sage brush ecosystem, right, And like all these habitats that's 48 00:03:01,960 --> 00:03:05,120 Speaker 1: being destroyed by lots of different activities grazing and mining 49 00:03:05,240 --> 00:03:07,240 Speaker 1: and so forth. But oil and gas is a big 50 00:03:07,280 --> 00:03:09,960 Speaker 1: part of that threat to that particular species. So in 51 00:03:10,000 --> 00:03:13,760 Speaker 1: some cases you're gonna find decisions saying you've got to 52 00:03:13,760 --> 00:03:18,040 Speaker 1: take account of the cumulative loss of habitat to threaten species. 53 00:03:18,080 --> 00:03:21,360 Speaker 1: But for the most part, these cases are all about 54 00:03:21,560 --> 00:03:25,440 Speaker 1: the cumulative loading of the atmosphere with carbon dioxide and 55 00:03:25,600 --> 00:03:29,000 Speaker 1: methane and these other greenhouse gases. And the courts are 56 00:03:29,040 --> 00:03:32,120 Speaker 1: also saying you've got to conduct what's called the social 57 00:03:32,240 --> 00:03:35,920 Speaker 1: cost of carbon. You're touting the benefits of all of 58 00:03:35,960 --> 00:03:40,360 Speaker 1: this oil and gas development. Of course, Trump's energy dominance agenda, 59 00:03:40,680 --> 00:03:44,480 Speaker 1: you're quick to point out all the economic benefits like 60 00:03:44,560 --> 00:03:47,600 Speaker 1: the revenues that have been generated by all this development 61 00:03:47,640 --> 00:03:50,880 Speaker 1: to the government, But you're not counting the costs. You're 62 00:03:50,920 --> 00:03:54,840 Speaker 1: not acknowledging that all of this development does come not 63 00:03:54,960 --> 00:03:58,000 Speaker 1: only with an environmental cost, but with an economic cost. 64 00:03:58,320 --> 00:04:01,320 Speaker 1: Because one thing we know about getting a handle on 65 00:04:01,400 --> 00:04:04,520 Speaker 1: climate change is the longer that you delay it, the 66 00:04:04,600 --> 00:04:09,000 Speaker 1: more expensive and difficult and at some point impossible it becomes. 67 00:04:09,040 --> 00:04:12,160 Speaker 1: So that's another thing the courts are pointing out. You 68 00:04:12,280 --> 00:04:16,279 Speaker 1: have to be fair and balanced in your analysis benefits yet, 69 00:04:16,440 --> 00:04:21,080 Speaker 1: but costs as well. Are the courts consistent in this 70 00:04:21,360 --> 00:04:26,000 Speaker 1: application or are some courts more conservative and perhaps not 71 00:04:26,120 --> 00:04:29,400 Speaker 1: going as far as other courts. No, this is one 72 00:04:29,400 --> 00:04:32,960 Speaker 1: where the courts are absolutely consistent. There's no split of 73 00:04:33,000 --> 00:04:36,080 Speaker 1: authority in terms of what does the deeper require of 74 00:04:36,120 --> 00:04:38,919 Speaker 1: the kinds of analysis that's been missing. No, all of 75 00:04:38,920 --> 00:04:41,800 Speaker 1: the courts are in agreement on this. And interestingly, the 76 00:04:41,920 --> 00:04:44,680 Speaker 1: judges that are involved here, you might think that they 77 00:04:44,680 --> 00:04:47,440 Speaker 1: were all quote Obama judges, they're not. One of them 78 00:04:47,520 --> 00:04:49,960 Speaker 1: is actually the Trump appointed judge. Another one is a 79 00:04:50,040 --> 00:04:53,440 Speaker 1: George W. Bush appointee. So this is not a partisan 80 00:04:53,800 --> 00:04:57,039 Speaker 1: judicial issue. This is all the courts looking at every 81 00:04:57,040 --> 00:04:59,960 Speaker 1: single one of these cases and all of them concluding 82 00:05:00,480 --> 00:05:03,400 Speaker 1: you're just not doing what the law that's been on 83 00:05:03,440 --> 00:05:06,480 Speaker 1: the books for fifty years requires you to do. You're 84 00:05:06,520 --> 00:05:10,640 Speaker 1: not even following your own regulations. In many cases, you're 85 00:05:10,680 --> 00:05:14,559 Speaker 1: trying to fast track this development, push your way through 86 00:05:14,839 --> 00:05:20,080 Speaker 1: the law, cut corners, ignore impact. And now the Trump 87 00:05:20,120 --> 00:05:23,799 Speaker 1: administration is trying to gut NIPA itself through this Council 88 00:05:23,839 --> 00:05:27,520 Speaker 1: on Environmental Quality, which is I guess a misnomer. At 89 00:05:27,560 --> 00:05:32,320 Speaker 1: this point. They're proposing to radically alter the rules to 90 00:05:32,480 --> 00:05:37,200 Speaker 1: implement NIPA and eliminate things like considering cumulative effects. It's 91 00:05:37,279 --> 00:05:41,320 Speaker 1: just stunning what's being proposed. So is this just the 92 00:05:41,320 --> 00:05:46,839 Speaker 1: Trump administration or was the Obama administration also at fault 93 00:05:46,880 --> 00:05:49,400 Speaker 1: in this regard. I would have to lay some of 94 00:05:49,440 --> 00:05:52,320 Speaker 1: the blame on Obama. He was the first president to 95 00:05:52,440 --> 00:05:56,160 Speaker 1: really ramp up boiling gas development. At the time, the 96 00:05:56,160 --> 00:05:59,040 Speaker 1: thought was that natural gas was a much better alternative 97 00:05:59,080 --> 00:06:02,480 Speaker 1: to coal, which is true in many respects. Its it's 98 00:06:02,480 --> 00:06:05,920 Speaker 1: probably not as advantageous as some have claimed because we 99 00:06:05,960 --> 00:06:08,760 Speaker 1: don't know what the rate of loss of methane leak 100 00:06:08,800 --> 00:06:12,599 Speaker 1: each is. But put that aside, Obama definitely at least 101 00:06:12,760 --> 00:06:15,440 Speaker 1: a lot of these areas that have now been challenged 102 00:06:15,480 --> 00:06:18,560 Speaker 1: and put on hold. So there's blame to go around. 103 00:06:18,600 --> 00:06:21,840 Speaker 1: For sure, it isn't just a Trump issue. But it's 104 00:06:21,880 --> 00:06:25,279 Speaker 1: also true that Trump has radically ramped up the amount 105 00:06:25,320 --> 00:06:29,200 Speaker 1: of leasing and has failed to take account of the 106 00:06:29,279 --> 00:06:32,479 Speaker 1: constant message from the courts that you're doing it wrong 107 00:06:32,880 --> 00:06:35,240 Speaker 1: and if you're gonna do this, at least do it 108 00:06:35,279 --> 00:06:38,120 Speaker 1: in accordance with the law. So pat is this not 109 00:06:38,240 --> 00:06:43,720 Speaker 1: only about developing fossil fuels but also about Trump's deregulatory agenda. 110 00:06:44,240 --> 00:06:48,760 Speaker 1: It sure is. These proposed changes to the NIPA regulations 111 00:06:49,000 --> 00:06:51,760 Speaker 1: is all part of the what I would characterize as 112 00:06:51,880 --> 00:06:55,040 Speaker 1: an assault on the foundations of environmental law. There are 113 00:06:55,120 --> 00:07:01,000 Speaker 1: now one hundred one hundred different proposed role backs of 114 00:07:01,200 --> 00:07:06,159 Speaker 1: rules and policies and guidelines, not only just ones that 115 00:07:06,200 --> 00:07:09,920 Speaker 1: were adopted during the Obama administration, but going all the 116 00:07:09,960 --> 00:07:11,800 Speaker 1: way back, as they said, all the way back to 117 00:07:11,840 --> 00:07:15,520 Speaker 1: the beginning of the National Environmental Policy Act, the beginning 118 00:07:15,520 --> 00:07:18,640 Speaker 1: of the Clean Water Act. We're now seeing proposals to 119 00:07:18,920 --> 00:07:22,320 Speaker 1: limit the ability of states to protect their water quality 120 00:07:22,720 --> 00:07:26,360 Speaker 1: because the Trump administration is concerned that some states are 121 00:07:26,520 --> 00:07:30,560 Speaker 1: using that authority to block pipelines and coal terminals and 122 00:07:30,600 --> 00:07:34,360 Speaker 1: other fossil fuel infrastructure. What the states are saying, of course, 123 00:07:34,560 --> 00:07:39,000 Speaker 1: we've been using this authority Congress gave us for four decades, 124 00:07:39,400 --> 00:07:42,120 Speaker 1: and along comes the Trump administration and says, no, we're 125 00:07:42,120 --> 00:07:44,040 Speaker 1: going to change the rules of the road on that 126 00:07:44,120 --> 00:07:47,680 Speaker 1: as well. So it's all part of the deregulatory agenda. 127 00:07:48,440 --> 00:07:53,080 Speaker 1: Have these court defeats jeopardized any high stakes oil development 128 00:07:53,160 --> 00:07:57,080 Speaker 1: plans on federal land, I think it has to have 129 00:07:57,120 --> 00:08:00,160 Speaker 1: had some effects on the ability of these companies is 130 00:08:00,520 --> 00:08:04,640 Speaker 1: to weather the downturn in demand for gas. There's a 131 00:08:04,720 --> 00:08:08,480 Speaker 1: glut of gas on the market and oil for that matter, 132 00:08:09,000 --> 00:08:11,160 Speaker 1: and a lot of these companies are looking at some 133 00:08:11,240 --> 00:08:16,680 Speaker 1: pretty serious losses and even potential bankruptcy or reorganization types bankruptcies. 134 00:08:16,800 --> 00:08:20,760 Speaker 1: They've been counting these companies on ready access to federal 135 00:08:20,840 --> 00:08:25,320 Speaker 1: lands at very favorable rates through these auctions, and if 136 00:08:25,360 --> 00:08:29,480 Speaker 1: they can't get access to relatively cheap and easy to 137 00:08:29,520 --> 00:08:32,240 Speaker 1: access oil and gas on public lands, they're going to 138 00:08:32,320 --> 00:08:34,920 Speaker 1: have a hard time making it financially, at least that 139 00:08:34,920 --> 00:08:37,599 Speaker 1: would be my view of it. So pat is it 140 00:08:37,760 --> 00:08:42,800 Speaker 1: that the federal agencies c problems and just ignore them, 141 00:08:43,440 --> 00:08:47,160 Speaker 1: or do they minimize them, or do they not even 142 00:08:47,200 --> 00:08:51,240 Speaker 1: look for them. Well, they certainly are looking for every 143 00:08:51,320 --> 00:08:57,319 Speaker 1: way to avoid these lengthy, detailed analyzes. And I don't 144 00:08:57,320 --> 00:09:01,920 Speaker 1: want to under estimate, um, the fact that it does 145 00:09:02,040 --> 00:09:08,320 Speaker 1: take time and effort and modeling and data collection to 146 00:09:08,400 --> 00:09:10,520 Speaker 1: do this kind of analysis. It's not a back of 147 00:09:10,559 --> 00:09:14,760 Speaker 1: the envelope kind of thing. So you know, the agencies 148 00:09:14,760 --> 00:09:18,679 Speaker 1: are are anxious to not have to go through that lengthy, complex, 149 00:09:18,720 --> 00:09:22,800 Speaker 1: detailed analysis. That saves them time. They can get these 150 00:09:23,040 --> 00:09:27,000 Speaker 1: auctions for these leases up quicker and sell them and 151 00:09:27,080 --> 00:09:29,520 Speaker 1: move on to the next one. So that's part of it. 152 00:09:29,840 --> 00:09:31,920 Speaker 1: Some of it is they're trying to take advantage of 153 00:09:31,960 --> 00:09:34,080 Speaker 1: some of the loopholes that are in the law. There's 154 00:09:34,120 --> 00:09:38,760 Speaker 1: things called categorical exclusions and a variety of other potential 155 00:09:38,840 --> 00:09:42,160 Speaker 1: ways to dodge some of these more detailed analyzes. So 156 00:09:42,200 --> 00:09:44,640 Speaker 1: they're doing that as well. But the most striking thing 157 00:09:44,720 --> 00:09:50,000 Speaker 1: to me is that they are just absolutely refusing to 158 00:09:50,280 --> 00:09:55,079 Speaker 1: follow the direction that multiple courts have given them. Um, 159 00:09:55,520 --> 00:09:58,559 Speaker 1: you know, the judges have written thirty forty fifty page 160 00:09:58,640 --> 00:10:03,360 Speaker 1: opinions lay being out what the law requires how you 161 00:10:03,360 --> 00:10:07,560 Speaker 1: should try to comply with it, acknowledging the complexities and 162 00:10:07,559 --> 00:10:12,240 Speaker 1: the challenges, giving the agencies some discretion and flexibility, but 163 00:10:12,480 --> 00:10:16,360 Speaker 1: clearly laying out a blueprint for what they need to 164 00:10:16,440 --> 00:10:20,360 Speaker 1: do if they want to prevent themselves from being stopped 165 00:10:20,400 --> 00:10:25,080 Speaker 1: in court, ensued repeatedly. And yet despite all that, the 166 00:10:25,200 --> 00:10:29,960 Speaker 1: agencies continue to repeat the same mistake. It's the very 167 00:10:30,000 --> 00:10:34,520 Speaker 1: definition of insanity, you know, repeating doing the same thing 168 00:10:34,600 --> 00:10:37,320 Speaker 1: over and over again and expecting a different result. A 169 00:10:37,400 --> 00:10:41,079 Speaker 1: drafted final rule under review at the White House would 170 00:10:41,240 --> 00:10:48,520 Speaker 1: narrow the scope of agencies environmental reviews undern So is 171 00:10:48,559 --> 00:10:52,120 Speaker 1: it exactly what the courts have said not to do. 172 00:10:52,840 --> 00:10:58,520 Speaker 1: That's true, and those proposed changes are also of course 173 00:10:58,600 --> 00:11:02,320 Speaker 1: going to be politic add and the Trump record in 174 00:11:02,480 --> 00:11:07,880 Speaker 1: court is the worst in history. New York University's Institute 175 00:11:07,920 --> 00:11:12,760 Speaker 1: for Policy Integrity tracks every single one of the cases 176 00:11:14,000 --> 00:11:19,000 Speaker 1: that are challenging all of these rollbacks, and there box 177 00:11:19,080 --> 00:11:25,560 Speaker 1: score shows that the Trump administration has lost over of 178 00:11:25,600 --> 00:11:28,840 Speaker 1: the cases where they've been challenged. So with regard to 179 00:11:28,880 --> 00:11:33,280 Speaker 1: this proposed changes to the NIPA regulations, we're gonna see 180 00:11:33,280 --> 00:11:37,040 Speaker 1: a repeat of what we've seen before I predict, which 181 00:11:37,120 --> 00:11:39,559 Speaker 1: is the courts are not going to stand for it. 182 00:11:40,040 --> 00:11:42,720 Speaker 1: These these rules again have been on the books for 183 00:11:42,760 --> 00:11:48,480 Speaker 1: fifty years. There are literally thousands now of court decisions 184 00:11:48,679 --> 00:11:53,400 Speaker 1: interpreting applying the rules of the road under NIAPA, and 185 00:11:53,440 --> 00:11:56,240 Speaker 1: all of a sudden, this administration comes along and says, 186 00:11:56,640 --> 00:11:59,560 Speaker 1: forget all of that. We're going to change all of that. 187 00:12:00,000 --> 00:12:03,079 Speaker 1: You're not going to have to consider these cumulative impacts 188 00:12:03,120 --> 00:12:06,120 Speaker 1: because we know that takes too long and we don't 189 00:12:06,160 --> 00:12:09,040 Speaker 1: want to wait for that kind of analysis. We want 190 00:12:09,040 --> 00:12:12,719 Speaker 1: to press forward with our energy agenda without that. So 191 00:12:13,440 --> 00:12:17,960 Speaker 1: even though the Trump administration is losing in court with 192 00:12:18,000 --> 00:12:22,240 Speaker 1: the analyzes they're doing today, they're counting on a change 193 00:12:22,240 --> 00:12:24,280 Speaker 1: in the rules so they won't have to do that 194 00:12:24,720 --> 00:12:26,959 Speaker 1: in the future. But I don't think that's going to 195 00:12:27,080 --> 00:12:29,720 Speaker 1: happen either. And all it leads us with is a 196 00:12:29,720 --> 00:12:33,280 Speaker 1: lot of uncertainty for the industry, for the public, for 197 00:12:33,360 --> 00:12:36,559 Speaker 1: the communities that are affected by all this development. Um. 198 00:12:36,600 --> 00:12:39,720 Speaker 1: It just leaves us in a chaotic situation. And I 199 00:12:39,760 --> 00:12:42,080 Speaker 1: hate to say it, but it appears to me that 200 00:12:42,160 --> 00:12:46,760 Speaker 1: this administration really is not concerned about that. They in 201 00:12:46,840 --> 00:12:51,280 Speaker 1: fact sort of welcome the chaos. It seems Joe Biden 202 00:12:51,360 --> 00:12:55,600 Speaker 1: has said that if he wins the presidency, he's vowed 203 00:12:55,640 --> 00:13:00,880 Speaker 1: to stop new oil, gas and colly seeing on federal land. Now, 204 00:13:00,960 --> 00:13:04,560 Speaker 1: how difficult would that be to do legally? He could 205 00:13:04,559 --> 00:13:07,920 Speaker 1: do that Politically, he's got to take account of the 206 00:13:08,000 --> 00:13:12,080 Speaker 1: fact that in places like New Mexico, oil and gas 207 00:13:12,120 --> 00:13:16,000 Speaker 1: revenues are a huge part of that state's economy. And 208 00:13:16,080 --> 00:13:22,839 Speaker 1: even with a progressive governor luhan In in office who's 209 00:13:22,880 --> 00:13:27,440 Speaker 1: trying to bring New Mexico into a cleaner, less dependent 210 00:13:27,520 --> 00:13:31,040 Speaker 1: on fossil fuel, that can't happen overnight, right So, I 211 00:13:31,120 --> 00:13:33,920 Speaker 1: think what the Biden administration is going to find is 212 00:13:34,559 --> 00:13:37,240 Speaker 1: the job of shutting down or phasing out, if you 213 00:13:37,280 --> 00:13:40,040 Speaker 1: want to put it that way, oil and gas development 214 00:13:40,040 --> 00:13:44,000 Speaker 1: on public lands is going to prove more difficult than 215 00:13:44,040 --> 00:13:46,680 Speaker 1: it may seem right now. In a campaign, it's easy 216 00:13:46,720 --> 00:13:51,120 Speaker 1: to say what you're gonna do, but obviously reality in 217 00:13:51,200 --> 00:13:55,160 Speaker 1: truths at some point. But legally, legally there's no question. 218 00:13:55,880 --> 00:14:02,000 Speaker 1: But what the Biden administration could do is to say 219 00:14:02,240 --> 00:14:05,160 Speaker 1: we are going to not you're not going to offer 220 00:14:05,200 --> 00:14:08,160 Speaker 1: any more leases, and they can start it in different 221 00:14:08,400 --> 00:14:12,000 Speaker 1: probably areas of the West um And obviously it's going 222 00:14:12,040 --> 00:14:15,480 Speaker 1: to have to be accompanied by some kind of call 223 00:14:15,559 --> 00:14:18,960 Speaker 1: it stimulus package, if you will, but some kind of 224 00:14:19,000 --> 00:14:22,880 Speaker 1: economic assistance to these states and communities that are so 225 00:14:23,040 --> 00:14:27,480 Speaker 1: dependent on coal like Wyoming and on gas like in Mexico. 226 00:14:27,920 --> 00:14:30,240 Speaker 1: So it's going to have to be obviously part of 227 00:14:30,240 --> 00:14:34,640 Speaker 1: a much bigger transition effort than simply stopping the leasing. 228 00:14:35,240 --> 00:14:38,320 Speaker 1: The U. S. Army Corps of Engineers has been forced 229 00:14:38,360 --> 00:14:42,480 Speaker 1: to suspend it's fast tracking of pipelines. Does that connect 230 00:14:42,520 --> 00:14:45,400 Speaker 1: to this? Are there are the reasons similar or different? 231 00:14:46,160 --> 00:14:49,560 Speaker 1: They they're similar and different. The Core of Engineers has 232 00:14:49,600 --> 00:14:53,320 Speaker 1: what are called nationwide permits. One of them, number twelve, 233 00:14:54,000 --> 00:14:58,200 Speaker 1: is designed to facilitate construction of pipelines and other sort 234 00:14:58,240 --> 00:15:03,040 Speaker 1: of linear projects, transmission lines and things like that. So 235 00:15:03,240 --> 00:15:06,520 Speaker 1: that that kind of permit process, which is a sort 236 00:15:06,520 --> 00:15:09,840 Speaker 1: of a streamlining permit process that's been on the books 237 00:15:09,880 --> 00:15:13,920 Speaker 1: for a long time. But it's also true again that 238 00:15:14,080 --> 00:15:18,280 Speaker 1: under the Trump administration, the Core of Engineers is cutting corners. 239 00:15:18,800 --> 00:15:22,600 Speaker 1: Um They've been stopped repeatedly. The Keystone XL pipeline has 240 00:15:22,640 --> 00:15:27,200 Speaker 1: been stopped again, The Dakota Access Pipeline has been well 241 00:15:27,280 --> 00:15:31,680 Speaker 1: it's it's it's actually constructed in operating, but the courts 242 00:15:31,680 --> 00:15:35,360 Speaker 1: have said the core of engineers analysis of the risks 243 00:15:35,400 --> 00:15:38,840 Speaker 1: from that pipeline are inadequate underneath and have to be 244 00:15:38,920 --> 00:15:42,320 Speaker 1: done again. And that judge, Judge Boisberg in the d C. 245 00:15:42,640 --> 00:15:46,000 Speaker 1: District Court is considering whether or not to actually stop 246 00:15:46,080 --> 00:15:49,360 Speaker 1: the flow of oil through the Dakota Access pipeline, which 247 00:15:49,360 --> 00:15:52,920 Speaker 1: would obviously be a huge blow to the company and 248 00:15:53,000 --> 00:15:56,360 Speaker 1: the people dependent on that that project. So you know, 249 00:15:56,600 --> 00:16:00,600 Speaker 1: all of these different corner cutting moves are catching up, 250 00:16:00,680 --> 00:16:04,360 Speaker 1: I would say, with the Trump administration. Thanks Pat. That's 251 00:16:04,400 --> 00:16:07,320 Speaker 1: Pat Parento of the Vermont Law School. And that's it 252 00:16:07,400 --> 00:16:10,560 Speaker 1: for this edition of Bloomberg Long. I'm June Grossel. Thanks 253 00:16:10,560 --> 00:16:12,960 Speaker 1: so much for listening. This is Bloomberg