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BMI amends forecasts after Trump fast-tracks fossil fuel permits, withdraws from climate agreements

Jovi Ho
Jovi Ho • 5 min read
BMI amends forecasts after Trump fast-tracks fossil fuel permits, withdraws from climate agreements
“The orders signal a shift in US energy policy towards fossil fuels, with implications for both domestic energy markets and international climate commitments.” Photo: Bloomberg
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US President Donald Trump issued a host of executive orders in his very first day in office, a number of which could “significantly reshape” the US energy sector, says BMI, a unit of Fitch Solutions. 

On Jan 20, Trump issued the National Energy Emergency executive order, which aims to address what the administration describes as inadequate energy supply and infrastructure, attributed to previous policies. 

It directs federal agencies to use emergency authorities to expedite the development, transportation and refining of domestic energy resources, including on federal lands, to ensure a reliable and affordable energy supply. 

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