Report: Backtrack drilling regs

The Trump Administration is considering backtracking on regulations for offshore drilling and some risk-reduction measures put in place after the BP Deepwater Horizon oil spill in 2010, according to The Wall Street Journal. The rollbacks were proposed in a report to the White House by the Bureau of Safety and Environmental Enforcement (BSEE), which regulates offshore oil and gas drilling. The rollbacks would reduce government regulation in favor of private companies, WSJ reported. BSEE also proposed slashing $900M in cost over the next 10 years, according to the report. BSEE sent the proposal to the White House on Dec. 8. (Source: NOLA.com 12/25/17)