As President-elect Trump prepares to take office, sources indicate that his administration is poised to reverse many of President Joe Biden's energy policies through a series of executive orders. President Biden, upon assuming office in 2021, had signed orders to rejoin the Paris climate accords and emphasize the importance of science in public health and climate initiatives. Over the subsequent four years, the Biden administration focused on promoting electric vehicles and implementing regulations to increase the adoption of EVs and fuel-efficient hybrids.
Trump's anticipated actions include withdrawing from the Paris accords, rolling back restrictions on offshore and federal land drilling imposed by Biden, and rescinding orders related to climate considerations in foreign policy and corporate disclosure of climate-related financial risks. Additionally, Trump is expected to lift Biden's pause on liquefied natural gas exports, halt offshore wind activities on the East Coast, and potentially reauthorize the Keystone Pipeline permit, although construction on the pipeline remains indefinitely suspended.
Republicans are exploring the possibility of using revenue generated from mandated drilling leases and savings from wind project subsidy repeals to fund other priorities such as border security enhancements and increased defense spending. The incoming administration is still finalizing its agenda, with potential changes on the horizon. Sources have reached out to the Trump transition team for comment on these developments.
