As we quickly approach the 10-month mark of the still fairly-new Trump administration, it’s important to look back on how its actions on federal regulations have impacted the midstream industry thus far.
More specifically, I want to focus on two regulations that directly impact the industry. The GPA Midstream Association heavily advocated to have these regulations removed from the Environmental Protection Agency’s (EPA) agenda: EPA’s Renewables Enhancement and Growth Support proposed rule (REGS) and its proposed rule to add gas processing plants to its Toxics Release Inventory (TRI).
Following my assessment of the administration’s time thus far, one thing is exceedingly clear: They don’t like unnecessary and duplicative regulations. In the first months of the Trump administration, they issued an executive order to force federal agencies to cut two regulations for every one regulation they promulgated. Part of their rationale for doing this was the constant feedback that the American business community provided to the Trump campaign during the 2016 election—that unnecessary and duplicative regulations are strangling the American economy.