As president-elect Donald Trump prepares to return to the White House on Monday, he is poised to immediately implement emergency powers to enhance US energy production, according to multiple US media outlets, citing sources close to Trump.
Reports indicate that Trump plans to declare a national energy emergency following his inauguration, including cancelling the federal land and offshore oil and gas drilling bans implemented by President Biden.
Biden announced a permanent ban on new offshore oil and gas development in selected areas of US coastal waters in early January.
The incoming leaders will also seek to push back on several Biden-era climate regulations, said several sources, without providing details.
He will also adjust rules around electric vehicles (EV), possibly cutting off funding for transition technologies, including EV subsidies.
While on the campaign trail in late October, Trump promised to use “our emergency powers to allow countries and entrepreneurs and people with a lot of money build big plants, AI plants” and we’ll need “double the energy that we already have.”
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