Trump will declare state of emergency in US energy sector - Bloomberg

According to the agency's sources, this step should be one of several actions that Trump will take within hours of being sworn in on January 20 to fulfill his election promises to increase domestic energy production.

The president-elect is poised to enact policy changes that will allow new oil and gas development on federal lands while also pushing to roll back Biden-era climate regulations.

While many executive actions will simply kick off a lengthy regulatory process, they should affect the entire spectrum of the U.S. energy industry, from oil fields to car dealerships. They also underscore Trump's determination to refocus federal government policy on oil and gas production, a sharp turn from Biden's efforts to curb fossil fuels.

It is unclear how the energy emergency will be used. However, the president may invoke special powers to transport crude oil and use the authority to direct changes in how electricity is generated and transmitted.

During the campaign, Trump promised to declare a national emergency in the energy sector, saying it was necessary to increase production and meet growing demand due to the rapid adoption of artificial intelligence.

“We’re going to be using our emergency powers to allow countries and entrepreneurs and people with a lot of money build big plants, AI plants,” Trump said on January 19 during a speech at the Capital One Arena. - “We need double the energy that we already have, and it’s going to end up being more than that.“

According to a report by the Brennan Center for Justice, declaring a national emergency allows the president to use up to 150 special powers that are usually intended to respond to hurricanes, terrorist attacks, and other unforeseen events.

As a reminder, Trump intends to issue about 100 executive orders within hours of his inauguration on January 20.