President Trump’s transition team is preparing a comprehensive energy agenda to implement shortly after his return to the White House, focusing on boosting fossil fuel production and reversing key Biden-era climate policies, according to sources familiar with the plans.
The initiative includes approving new liquefied natural gas (LNG) export permits, expanding oil drilling on federal lands and offshore, and fast-tracking pending projects. This strategy aligns with Trump’s campaign promises, positioning energy policy as a central priority alongside immigration in his early agenda.
Trump plans to roll back significant climate regulations enacted during the Biden administration, including tax credits for electric vehicles and clean power standards aimed at reducing reliance on coal and natural gas. A top priority would be lifting Biden’s pause on LNG export permits, with Trump aiming to approve pending applications swiftly. Additionally, Trump would expedite drilling permits and reopen offshore leasing plans to include more sales.
Trump also intends to push Congress for funding to replenish the Strategic Petroleum Reserve (SPR), which was significantly drawn down during Biden’s tenure to combat fuel price spikes related to the Ukraine conflict and pandemic-induced inflation. Rebuilding the SPR could drive short-term oil demand and boost domestic production.
Additionally, Trump’s advisers have suggested pressuring the International Energy Agency (IEA) to adopt more pro-oil policies, potentially withholding U.S. funding if the Paris-based organization continues prioritizing emissions reductions.
Under Biden, the average time for federal drilling permit approval increased to 258 days, up from 172 days during Trump’s presidency. Trump’s plan aims to shorten this timeline, hold more frequent lease sales, and prioritize lands with higher oil potential.
