Permitting reform: An exercise in untangling 50 years of scar tissue

Streamlining the federal permitting process is key to both deploying more renewable and carbon-free energy and ensuring needed fossil fuel production for US and global markets. But how and when to update US permitting laws is the sticking point. S&P Global Commodity Insights industry editor Molly Christian spoke with Alex Herrgott, president and CEO of the Permitting Institute, on what leading permitting reform proposals before Congress could do for the energy sector and what else may be needed to improve the permitting process. Despite bipartisan agreement on key areas, including the need to limit timeframes for project reviews, the complexity and abundance of permitting laws mean Congress may have its hands full on this issue for years, Herrgott says. Stick around after the interview for Binish Azhar with the Market Minute, a look at near-term oil market drivers.