
The moves enacted sweeping changes across major industries, affecting billions of dollars of corporate projects. Some are sure to face challenges in the first days of the Trump administration.
Offshore drilling
One of President-elect Donald Trump's most likely targets is Biden's executive order that would ban new oil and gas drilling across more than 625 million acres of U.S. coastal waters.
It couldn't be determined whether Trump would be able to reverse the order, though he has vowed to do so. The decree invoked a 1953 law that gives the president latitude to withdraw from consideration currently unleased lands in federal offshore waters. The law doesn't include a procedure for a new president to undo actions by a predecessor.
Trump has said he would unleash oil drilling in the U.S., part of his promise that he has said would rapidly cut American's energy costs and implement a policy he has called "energy dominance."
The ban on drilling in certain coastal waters marked an exclamation point for Biden's efforts to rein in fossil fuels. During his first weeks as president, he ordered a pause on new drilling permits on federal lands and waters. It was an early effort in the administration's campaign to curb fossil-fuel production and greenhouse-gas emissions.
This story is from the January 18, 2025 edition of The Wall Street Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 18, 2025 edition of The Wall Street Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In