Media reports suggest Trump may invoke emergency powers to boost energy production
Reuters
President-elect Donald Trump is expected to invoke emergency powers upon taking office to accelerate U.S. energy production, including reversing key Biden-era restrictions on oil and gas drilling. The move aims to boost energy output and challenge climate-related regulations.
As President-elect Donald Trump prepares to return to the White House on Monday, he is expected to quickly activate emergency powers aimed at boosting U.S. energy production, according to multiple U.S. media outlets citing sources close to Trump.
Reports suggest that Trump plans to declare a national energy emergency immediately after his inauguration, which would include reversing the federal land and offshore oil and gas drilling bans imposed by President Biden.
In early January, Biden implemented a permanent ban on new offshore oil and gas exploration in certain U.S. coastal waters.
The incoming administration is also expected to challenge several Biden-era climate regulations, although sources have not disclosed specific details. Additionally, Trump may revise policies related to electric vehicles (EVs), potentially cutting funding for transition technologies, including subsidies for EVs.
During his campaign in late October, Trump promised to use "emergency powers to allow countries, entrepreneurs, and wealthy individuals to build large-scale plants, including AI plants," emphasizing the need for "double the energy we already have."
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