One of Trump's first actions after being sworn in on Jan. 20, 2025, will be to begin unilaterally rolling back certain environmental policies through executive orders. These include initiating withdrawal from the Paris Climate Accord, streamlining the permitting process for drilling on federal lands, expediting approval of natural-gas pipelines and liquified-natural-gas export facilities, and removing emissions and clean energy targets. He will seek also to lighten the regulatory footprint in the financial, IT, energy, and mining sectors.
It is important to note that repealing, implementing, or rescinding new executive orders can be a lengthy process. It often takes months or even years to review and respond to potential legal challenges. Typically, these challenges are first heard in federal district courts. The more these cases are heard by judges appointed by Republicans, the better the chances that these executive orders will not be overturned.
~ Angelo Katsoras, Geopolitical Briefing, National Bank of Canada, November 6, 2024
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