Overview

• President Trump declared a national energy emergency on Day 1, issuing executive orders to expand fossil fuel, nuclear, and critical mineral production.
• The administration halted offshore wind projects in New York and New Jersey and imposed tariffs of up to 3,521% on Asian solar imports, stalling clean energy growth.
• The EPA under Administrator Lee Zeldin initiated 31 deregulatory actions, including scrapping tailpipe emissions rules and reconsidering greenhouse gas regulations.
• The Interior Department introduced a 28-day permitting process for energy projects, but legal experts predict significant courtroom challenges to its implementation.
• Energy markets have experienced volatility, with oil prices dropping to $62 per barrel and $8 billion in clean energy projects canceled or downsized in Q1 2025 due to tariffs and policy shifts.