By Jarrett Renshaw

(Reuters) – U.S. President Donald Trump issued a series of orders within hours of his inauguration on Monday intended to boost the nation’s record high oil and gas production and relax the climate agenda. nor former President Joe Biden.

Here are some of the actions Trump took on his first day:

ENERGY EMERGENCY

Trump declared a national energy emergency, intended to give him the authority to reduce environmental restrictions on energy infrastructure and projects and expedite approvals for new transmission and pipeline infrastructure.

“You’re allowed to do whatever you have to do to get ahead of that problem,” Trump told reporters as he signed the order. “And we have that kind of emergency.”

Earlier in the day, he explained the reason for the declaration: “The inflation crisis was caused by massive overspending and rising energy prices, and that is why today I will also declare a national energy emergency. We will drill baby, drill .”

He previously said that increasing electricity demand from the technology industry, especially to fuel artificial intelligence, required a major overhaul of the grid.

LNG PERMIT

Trump issued an order for the US to resume processing permit applications for exports from new projects supplying liquids to Asia and Europe, effectively reversing a freeze that Biden set in early 2024 to study the environmental and economic impacts of growing exports.

US exports of super-chilled gasoline set a record in 2023 and the country is the largest exporter of the product in the world. But the suspension of new export permits has created uncertainty for many labor projects.

Louisiana plants awaiting approval include Commonwealth LNG, Venture Global’s CP2, Cheniere Energy’s (NYSE: ) Sabine Pass facility expansion and Energy Transfer (NYSE:) at the Lake Charles terminal. In Texas, the second phase of Sempra’s Port Arthur LNG project is awaiting approval.

THANK YOU PARIS

Trump ordered the withdrawal of the US from the Paris climate agreement, an international agreement to fight climate change, repeating a step he took during his first term.

Trump has called climate change a hoax, and said the deal puts the United States at a competitive disadvantage against geopolitical rivals like China.

“I immediately retreated from the unfair, one-sided climate agreement in Paris that broke down,” he said. “The United States will not sabotage our own industries while China pollutes with impunity.”

SAFE AIR

Trump has suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harmful to wildlife.

“We don’t do the wind thing,” he said.

A White House press release said Trump issued an executive action suspending offshore wind leasing from all areas of the US outer continental shelf pending an environmental and economic review.

The order is not expected to affect existing US offshore wind projects advanced by companies including Orsted (CSE:), Avangrid (NYSE:), Copenhagen Infrastructure Partners, and Dominion.

Biden sees wind power as a key part of his strategy to decarbonize the power sector.

EV TARGETS

Trump targeted electric vehicles, withdrawing a 2021 executive order signed by Biden that sought to ensure that half of all new vehicles sold in the United States by 2030 are electric.

Biden’s 50% target, which is not legally binding, has drawn the support of US and foreign autos.

Trump said in an executive order that he was halting the distribution of unspent government funds for car charging stations from a $5 billion fund, calling for an end to a waiver for states to adopt zero-emission vehicle rules by 2035 and said his administration would consider ending EV tax credits. .

DRILL, BABY, DRILL

Trump signed an executive order nullifying Biden’s efforts to block oil drilling in the Arctic and several areas off the US coast, according to the White House.

Trump also withdrew a 2023 memo that banned oil drilling on about 16 million hectares (6.5 million acres) in the Arctic, the White House announced.

It is unclear whether the moves will be enough to attract major drillers, who have avoided the region in recent years due to relatively high development costs.

Biden this month banned new offshore oil and gas development along most US coasts before Trump took office.

REFILL THE STOCKPILE

Trump said he wanted to fill the strategic reserves “at the top”.

That is likely a reference to the US Strategic Petroleum Reserve, the country’s stockpile of , designed as a buffer against supply shocks.

After the invasion of Ukraine, Biden sold more than 180 million barrels of crude oil from the reserve, a record amount.

The sell-off helped curb fuel prices, but the stockpile sank to its lowest level in 40 years.

“We will lower prices, replenish our strategic reserve, all the way up, and export American energy around the world,” Trump said.

He is likely to look to Republican lawmakers to give him the money to buy the oil in the coming weeks.