DIGITAL TRANSFORMATION
Now US President Donald Trump is back in the White House, the energy industry is bracing itself for a tidal wave of change.
President Trump’ s return has ushered in a dramatic shift in US energy policy, with far-reaching implications for the domestic energy landscape, and global markets, coming about as a result.
On just his first day in office, for example, Trump issued a series of executive orders that turn away from the previous administration’ s focus on clean energy and climate action.
Instead, Trump quickly pulled the US out of the Paris Agreement, again, pledged to“ drill, baby, drill” for more American fossil fuels – promising to fill up strategic oil reserves – and halted the Green New Deal.
“ In recent years, burdensome and ideologically motivated regulations have impeded the development of these resources, limited the generation of reliable and affordable electricity, reduced job creation and inflicted high energy costs upon our citizens,” one executive order reads.
“ These high energy costs devastate American consumers by driving up the cost of transportation, heating, utilities, farming and manufacturing, while weakening our national security.
52 April 2025