Trump dismantles Biden’s energy policies on his first day in the office

The US resumes processing of LNG export permit applications: US President Donald Trump ordered the government to resume export permit applications for liquified natural gas (LNG) projects, according to a White House statement. Exports are projected to double by the end of the decade and have the potential to double again with the current authorizations in place, Reuters reported, citing a statement from the US Energy Department.

REMEMBER- Biden had frozen the application process in early 2024 to allow US national laboratories to assess the environmental and economic impacts of the rapidly growing export industry.

Back to oil drilling as well: The newly inaugurated president also repealed Biden’s recent ban on oil drilling in the Arctic and across large areas off the American coast, according to a statement.

OTHER STORIES WORTH KNOWING THIS MORNING-

• Panama is auditing Chinese-backed Panama Port Company in nod to Trump: Panama has initiated an audit into Hong Kong-based Hutchison Ports to confirm adherence to the terms of a 25-year concession awarded to the company, pledging a “severe and strong” financial audit. The investigation comes as Trump alleges that Panama is permitting China to interfere in the canal. (Financial Times)