Summary

Summary of Executive Order: Unleashing American Energy

Purpose

The executive order aims to promote American energy production and address the challenges posed by existing regulations that hinder economic growth, job creation, and energy accessibility.

Actions Taken

• Policy Goals:

• Encourage exploration and production of energy resources on federal lands.

• Position the U.S. as a leader in non-fuel mineral production, including rare earth minerals.

• Enhance national energy security ensuring availability in all states.

• Eliminate regulatory barriers for consumer choices in vehicles and appliances.

• Regulatory Review:

• All federal agencies are directed to review existing regulations that may hinder domestic energy development.

• A 30-day timeline is set for agencies to develop action plans to revise or repeal burdensome regulations.

• Revocations:

• Twelve prior executive orders related to climate and environmental changes are revoked, including those focusing on public health and climate crisis.

• The American Climate Corps programs are terminated.

• Permitting Process:

• A new framework is introduced to expedite the permitting process for energy projects.

• The Council on Environmental Quality (CEQ) is set to provide guidance for the National Environmental Policy Act (NEPA) within 30 days.

• Environmental Considerations:

• Emphasis is placed on adhering to legislated requirements and eliminating non-evidence-based assessments, specifically regarding the social cost of greenhouse gases.

• Funding Management:

• A pause is placed on the disbursement of funds linked to certain acts until compliance with the new policy is verified.

Expected Impact

• Economic Growth: Increased energy production and job creation are expected to bolster the economy and lower energy costs for consumers.
• Energy Independence: Enhanced domestic energy and mineral production aims to reduce reliance on foreign energy sources and improve national security.
• Regulatory Clarity: Streamlining regulations is anticipated to foster clearer guidelines and more predictable processes for energy projects, thus promoting investment and development.
• Market Competition: The order seeks to enhance consumer choice and competition in the energy market by removing mandates on electric vehicles and promoting a variety of goods.

This executive order reflects a significant shift in U.S. energy policy, prioritizing domestic production and reducing regulatory barriers to foster economic prosperity and energy independence.