Trump Invokes Wartime Powers to Expand Fossil Fuel Production Amid Rising Energy Costs

Trump invokes wartime powers to expand fossil fuel production amid rising energy costs

Defense Production Act orders authorize federal support for oil, coal, liquefied natural gas, and grid infrastructure as industry profits increase during Iran conflict.

Trump Invokes Wartime Rule to Fund New Energy Projects

Impakter Trump Invokes Wartime Rule to Fund New Energy Projects This Week’s Regulatory Updates: Trump Pulls the War Powers Card on Energy: Wartime law, peacetime politics, as Trump bets big on fossil fuels to keep the lights on and voters happy. UK to Strengthen Its Energy Regulator With Expanded Powers: The UK government has overhauled Ofgem, giving it new powers to penalize rule-breaking energy firms and […] The post Trump Invokes Wartime Rule…

Trump invokes Defense Production Act to boost oil, coal and energy infrastructure

President Trump on Monday invoked wartime authority under the Defense Production Act (DPA) to try to push for more oil, gas and coal. The DPA gives the president the authority to increase the production of certain items to advance national security. Trump this week issued five memos applying it to oil, coal, natural gas infrastructure and exports, electric grid equipment and “large-scale...

Trump Deploys Five Defense Production Act Memos For American Energy

By Tyler Durden | Source President Trump signed five presidential determinations under Section 303 of the Defense Production Act on Monday. All five declare critical energy capacities essential to national defense and authorize federal purchases, commitments, and financing to cut through financing shortages, permitting delays, and supply chain choke points. Any mention of renewables are…