Trump admin looks to roll back regulations on offshore drilling

The Deepwater Horizon oil rig. Photo: Petty Officer 1st Class Thomas M. Blue / U.S. Coast Guard via Getty Images

The Trump administration is proposing revisions that would roll back some safety measures that were installed after the Deepwater Horizon oil spill in 2010, the Wall Street Journal reports.

Why it matters: The Bureau of Safety and Environmental Enforcement, which regulates offshore oil and gas drilling, estimates the change would save an estimated $900 million in the next decade and "reverse some risk-reduction measures the industry considered burdensome.” One change: eliminating the word “safe” from one section of the rule.