The
One Big Beautiful Bill (OBBB) cuts red tape and trims taxes on new resource projects. It simplifies rules, clarifies costs, and enforces swift penalties. These reforms reduce investor risk and shorten the timeline from testing to production. As a result, the legislation will be able to reshape many state’s natural resource landscape. Michigan can be an ideal example of federal, state and local government partnering to develop a modern strategy that both safeguards the environment, especially the Great Lakes while responsibly develops oil, natural gas, and rare earth elements as well. With this new legal framework in place, Michigan is well-positioned to strategically leverage three of its most valuable natural assets.
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