off-the-wire

U.S. permit reforms needed to achieve Inflation Reduction Act goals -Conoco CEO

Kitco Media
By Reuters
Published:
Updated:
Reuters
HOUSTON, March 7 (Reuters) - The Biden administration's goal of using tax and investment incentives to combat climate change will require permitting reforms to succeed, the chief executive of oil producer ConocoPhillips said on Tuesday.


The goals of the administration's Inflation Reduction Act will be "procedurally impossible" without streamlined permitting for lower carbon energy infrastructure, Conoco CEO Ryan Lance said in remarks at the CERAWeek energy conference.


(Reporting by Gary McWilliams)

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