On November 8, Fred Wagner was quoted in the Law360. According to the article, the reelection of former President Donald Trump means the energy industry faces yet another drastic shift in U.S. policy, continuing a decade-long pattern of regulatory pendulum swings.
Energy attorneys say it's clear that the incoming administration will take immediate aim at President Biden's energy and climate change agenda, just as the previous Trump administration attempted to unwind the agenda of President Obama. But this time around, the goal of promoting fossil fuel development and use could be bolstered by Republican control of both houses of Congress.
"The reality of dealing with regulation or deregulation is the pipeline is only so big," said Venable LLP partner Fred Wagner, a former chief counsel for the U.S. Department of Transportation's Federal Highway Administration under the Obama administration. "There's only so much you can review at any given time with all the other procedural requirements you have."
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