The U.S. Army Corps of Engineers has created emergency permits for fossil fuel projects to increase oil, gas, and coal production, potentially fast-tracking approvals and limiting public input and environmental analysis. President Trump’s executive order declared an energy emergency, directing expedited decisions on energy projects, including disputed ones like Line 5 and a proposed gas export terminal in Louisiana. Critics argue the move could lead to environmental harm and legal violations, while supporters see it as a way to streamline permitting processes for energy projects across the country.
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Private Equity Groups Want a Piece of Your 401(k)
Private equity groups (PEGs) are gaining momentum following a provision in President Trump's new law that allows them to deduct more interest on debt through their acquisitions. This development positions PEGs, whose leaders support Trump, closer to accessing the lucrative $12 trillion 401(k) retirement market as they seek to restructure companies for profit within a few years. Want More Context? 🔎
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