Trump to declare ‘national energy emergency’ that could boost oil, gas projects By Reuters


By Andrea Shalal and David Lawder

WASHINGTON (Reuters) – President-elect Donald Trump will sign an executive order declaring a national energy emergency aimed at boosting U.S. oil and gas production and lowering costs for U.S. consumers, a a future White House official said on Monday.

The emergency declaration is just one of several actions Trump is expected to take Monday to bolster the U.S. oil, gas and electricity industries and put the brakes on President Joe Biden’s efforts to speed up the electric vehicle industry. .

Biden entered the White House vowing to wean the US off fossil fuels, but US oil and gas production has hit record levels under his watch as drillers chase higher prices after sanctions on Russia after its invasion of Ukraine.

The official did not provide any details on the national emergency, but Trump and his allies have signaled they will use the authority to quickly approve new oil, gas, and electricity projects that normally take years to permit. .

“The common theme is really unleashing cheap and reliable American energy,” the official said. “Because energy permeates every part of our economy, it is also key to restoring our national security and exercising American energy dominance around the world.”

Trump has said the United States is in an artificial-intelligence arms race with China and others, making industrial superpowers a national priority.

Trump is also expected to sign another executive order aimed at using Alaska’s natural resources, repealing several of Biden’s electric vehicle initiatives and protecting gas-powered utilities from federal and local regulators. wants to remove them from homes and businesses, the future official said.

Alaska is a controversial area of ​​the country when it comes to energy and the environment, with Republicans long seeing opportunities for oil and gas production there while Democrats seek to preserve pristine landscapes.

© Reuters. FILE PHOTO: US President-elect Donald Trump attends a rally the day before he is scheduled to be inaugurated for a second term, in Washington, US, January 19, 2025. REUTERS/Brian Snyder/File Photo

The official said that Trump will take “decisive action to unleash the potential of Alaska’s natural resources,” citing abundant resources such as oil and gas, seafood, timber and critical minerals. No further details were provided, but the official said previous regulations by the Interior and Agriculture departments limited production in Alaska.

Many of the actions were expected and fulfilled campaign promises made by Trump on the campaign trail.





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