President Donald Trump will instruct the Interior Department to revise the Obama administration’s five-year plan for developing federal waters. His executive order will tell the Commerce Department to refrain from naming or expanding marine sanctuaries and review existing ones.

Trump will seek to overturn President Barack Obama’s effort to indefinitely put much of U.S. Arctic waters and part of the Atlantic off limits to drillers. President Donald Trump instructed his Cabinet officials to take actions that will potentially open new areas of federally administered waters to energy development, according to CNBC.com.

The actions, spelled out in a new executive order, mark Trump’s latest effort to lift limits on oil and gas drilling and coal mining put in place by his predecessor. Trump put particular emphasis on one aspect of the order: USA to become energy independent.

“It reverses the previous administration’s Arctic leasing ban. So, you hear that? It reverses the previous administration’s Arctic leasing ban,” he said before signing the order. Trump says the previous government closed 94% of areas from exploration and production. Reopening them will ensure high-paying jobs for Americans and make USA energy independent.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.