Energy Department Proposes to Slash 47 Rules Amid Deregulatory Push

The department also proposed streamlining administrative procedures for natural gas imports and exports.
Energy Department Proposes to Slash 47 Rules Amid Deregulatory Push
An oil pumpjack in the Permian basin in New Mexico on April 6, 2023. Liz Hampton/Reuters
Aldgra Fredly
Updated:
0:00

The Department of Energy (DOE) on May 12 proposed to eliminate or roll back 47 regulations in what it called the first step in America’s “largest deregulatory effort in history.”

The move is expected to save the nation $11 billion by eliminating regulations that it said were “driving up costs” and “lowering quality of life” for the people, according to the department.