At their worst, Trump’s new energy policies could restrict the movement of global commerce and at their best increase interest rates and costs.
A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world.
With a new Trump administration taking charge, renewable energy, including solar, may face headwinds that stagnate project development or continue it at a slower pace, analysts say.
President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.
Here is a look at some of this week’s renewable energy news, including more than $8 billion more in loans closed by the Department of Energy’s Loan Programs Office.
Liberty Energy CEO Chris Wright, Trump’s nominee to head the Department of Energy, said removing bureaucratic barriers to project development would be a top priority during a Senate confirmation hearing on Jan. 15.
Nearly $69 billion in funding from the Inflation Reduction Act and Bipartisan Infrastructure Law has been dispersed by the Environmental Protection Agency in its clean energy push.
The American Petroleum Institute lays out its political plans as the next presidential administration prepares to take office.
Biofuel companies will have to wait to see if Trump will back the plan on the highly anticipated guidelines on new clean fuel production tax credits.
However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities.