Apr 27, 2018

Trump rejects offshore drilling changes wanted by big oil firms

Photo: Alex Wong/Getty Images

The Trump administration revealed new offshore drilling requirements it's pushing for on Friday, Bloomberg reports, which would relax some rules put in place after the Deepwater Horizon accident, but reject other changes requested by oil companies.

The details: Environmentalists disagreed with the changes, per Bloomberg, arguing that they "could jeopardize safety improvements." But director of the Bureau of Safety and Environmental Enforcement, Scott Angelle, told Bloomberg: "People were concerned we'd take a sledgehammer to it. Absolutely not. This is a very delicate scalpel to the process."

What's being changed: Per Bloomberg, some of the changes include loosening "measures safety advocates and environmentalists said were necessary" to avoid another Deepwater Horizon. Another change will not require third-party vendors who test underwater blowout preventers to be certified by the safety bureau.

What wasn't accepted: The oil industry requested that the standard for an appropriate "drilling margin" be rewritten, which the administration rebuffed, Bloomberg reports. The administration is instead mandating a "60-day public comment period" for oil companies and stakeholders to take questions on the standard.

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Exclusive: Global trust in the tech industry is slipping

Illustration: Aïda Amer/Axios

The backlash against Big Tech has long flourished among pundits and policymakers, but a new survey suggests it's beginning to show up in popular opinion as well.

Driving the news: New data from Edelman out Tuesday finds that trust in tech companies is declining and that people trust cutting-edge technologies like artificial intelligence less than they do the industry overall.

"It was 30 years ago, get over it": Mike Bloomberg's partner brushes off NDA concerns

Diana Taylor at a Mike Bloomberg event last month. Photo: Ron Adar/Echoes Wire/Barcroft Media via Getty Images

Diana Taylor, Mike Bloomberg's longtime partner, dismissed the concerns surrounding non-disclosure agreements used at his company, Bloomberg LP, telling CBS News that she would say to those bothered by the allegations, "It was 30 years ago, get over it."

Why it matters: Democratic candidates have used the NDAs as a talking point against Bloomberg, calling on him to allow women to speak about the reported sexual harassment and gender discrimination they faced while working for him.

Trump's opportunity to use Bernie as an economic scapegoat

Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).