Hello and welcome to Business Daily with me, Justin Rowlett, coming up, keeping track of President Trump's bonfire of the environmental regulations.

Well, it's a massive rollback, but there's a lot going on behind the scenes that is also weakening regulation.

That's much more difficult to keep track of.

But while climatologists fret about all the extra carbon this is putting into the atmosphere,

Trump's supporters are having none of it.

Well, I'm sorry, but if you look at the science, most of the predicted impacts are mild,

and most of the scare stories are made up by the media and a cabal of activist scientists.

That is all in Business Daily from the BBC.

Today's action completely modernizes the environmental review process under the National Environmental

Policy Act of 1969.

We are cutting the federal permitting timeline from up to 20 years or more, hard to believe, down to

two years or less.

The contrast between the two main candidates at November's U.S. presidential elections

could not be starker when it comes to the environment.

That was the Republican incumbent Donald Trump announcing a major weakening of the way in which his government would implement environmental reviews of large infrastructure projects.

It was just the latest in a long litany of rollbacks of environmental protections,

but even so, it caused shock amongst green campaigners.

The legislation dates back to President Nixon in 1969.

Meanwhile, his Democrat challenger Joe Biden had his own big announcement.

I know the climate change is a challenge that's going to define our American future.

I know meeting the challenge will be a once in a lifetime opportunity to jolt new life into our economy.

We're going to make historic investments that will seize the opportunity.

...