BP looking forward to Trump presidency, CEO says

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LONDON (Reuters) – BP CEO Murray Auchincloss said on Monday that he looked forward to the Donald Trump presidency, saying the U.S. Republican leader will help accelerate permitting time for energy projects.

“We look forward to the Trump presidency,” Auchincloss told the Energy Intelligence Forum conference.

“We think it’s a strong chance to help the U.S. get back to putting construction forward, getting regulatory reform in place, and getting faster permitting and really allowing construction to move forward. That’s what we’re most hopeful for, because the US has been struggling in that space,” he said.

Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, Reuters reported on Monday, citing two sources familiar with the plans.