Trump to declare emergency on U.S. energy sector — Bloomberg
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US President-elect Donald Trump will declare a state of emergency in the country's energy sector. He is ready to use emergency powers to stimulate domestic electricity production.
This was reported by Bloomberg.
State of emergency in the energy sector
Thus, Trump is ready to use emergency powers and has ordered a number of steps aimed at stimulating domestic energy production. In this way, he will reverse the policy of the previous leader of the country, Joe Biden, aimed at combating climate change.
The article says that Trump wants to fulfill his election promises to increase domestic oil and gas production. Such actions will affect the entire spectrum of the U.S. energy industry: from oil fields to car dealerships.
The newspaper believes that this will also emphasize Trump's determination to reorient oil and gas production policy. Earlier, Biden limited the use of fossil fuels in the United States.
According to one of the new White House officials, Trump's initiatives are aimed at cutting red tape and regulations that have been holding back investment in natural resource extraction. They specified that this is critical to reducing costs for consumers, as energy prices affect every part of the economy.
"These changes are also key to strengthening U.S. national security and energy dominance around the world," the official said.
As a reminder, a large number of guests of Trump's inauguration ceremony have already arrived at the Capitol rotunda.
The event will be broadcast by Novyny.LIVE in real time at 12:00 p.m. ET (19:00 Kyiv time).
