ExecutiveOrdersEO
EO 14154Executive OrderTrump 47 · R

Executive Order 14154

Unleashing American Energy

This executive order revokes numerous Biden-era climate and environmental executive orders, pauses Inflation Reduction Act and infrastructure spending, directs agencies to rescind regulations burdening domestic energy and mineral development, eliminates the social cost of carbon, expedites LNG export approvals and federal permitting, terminates the American Climate Corps, and mandates review of state EV emissions waivers and appliance efficiency standards.

Federal Register Open PDF 90 FR 8353

Impact dates

  1. Agency heads submit IRA/infrastructure fund review reports to NEC/OMB Directors

  2. DHS provides forced-labor minerals assessment to NEC Director

  3. EPA issues guidance on social cost of carbon elimination

  4. State/Commerce/Labor/USTR submit mining competitiveness report to Assistant to President for Economic Policy

  5. If seriously different consequences found, MARAD issues EA; within 30 additional days issues addendum and DWPA license

  6. Agency heads develop and begin implementing action plans to suspend/revise/rescind burdensome regulations

  7. CEQ Chairman provides NEPA implementation guidance and proposes rescinding CEQ NEPA regulations

  8. EPA Administrator submits Endangerment Finding legality recommendations to OMB Director

  9. Agencies submit enforcement discretion reports to OMB

  10. MARAD determines whether LNG port refinements present seriously different consequences

  11. OMB Director finalizes and circulates procurement prioritization guidelines

  12. Secretary of Interior submits American Climate Corps MOU termination letter

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasCritical mineralsSteel & aluminumAutosSolar PVSemiconductors

Mechanisms

Subsidy / incentiveProcurementLicensingTariffBan / prohibition

Role pressure

  • ProtectiveDomestic producer — Expedited permitting, revoked environmental regulations, and prioritization of domestic energy/mineral production directly benefit domestic oil, gas, coal, mining, and nuclear industries
  • AdverseImporter — Potential trade actions on minerals, forced labor assessments, and competitive pressure from domestic production expansion create uncertainty for mineral importers; EV supply chain importers face subsidy elimination
  • MixedDownstream manufacturer — Appliance manufacturers gain flexibility from standards rollback but face regulatory uncertainty; automakers see EV mandate pressure removed but potential loss of IRA subsidies; clean energy manufacturers lose IRA support
  • ProtectiveProject developer — LNG exporters gain expedited approval process; pipeline and energy infrastructure developers benefit from NEPA streamlining and emergency permitting authorities
  • MixedEquipment supplier — Traditional energy equipment suppliers benefit from production expansion; EV charging infrastructure suppliers face immediate funding pause and potential cancellation
  • AdverseTrading-partner exporter — LNG export expansion increases global supply competition; potential trade actions on minerals and forced labor assessments threaten market access for critical mineral exporters, particularly those with state-assisted or forced labor concern

Geographies

USCNEUJPKRTWMXCAAUVNMYOTHER

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

ALBAlbemarleAAAlcoaAMATApplied MaterialsASMLASMLAVGOBroadcomCSIQCanadian SolarCENXCentury AluminumLNGCheniere EnergyCVXChevronCLFCleveland-CliffsCOPConocoPhillipsDQDaqo New EnergyENPHEnphase EnergyXOMExxon MobilFSLRFirst SolarFFordFCXFreeport-McMoRanGEVGE VernovaGMGeneral MotorsHYMTFHyundai MotorINTCIntelQQQInvesco QQQ TrustJKSJinkoSolarMUMicron Technology

Confidence: medium · Policy alerts

Key directives

  • Revoke EO 13990, 13992, 14008, 14007, 14013, 14027, 14030, 14037, 14057, 14072, 14082, 14096
  • Terminate American Climate Corps immediately; Interior Secretary submit MOU termination letter within 1 day
  • Pause all IRA and infrastructure fund disbursements until OMB/NEC consistency determination
  • Within 30 days: agency heads develop action plans to suspend/revise/rescind burdensome energy regulations
  • Within 30 days: CEQ Chairman provide NEPA guidance and propose rescinding 40 CFR 1500 et seq.
  • Within 30 days: EPA Administrator submit Endangerment Finding legality recommendations to OMB
  • Within 30 days: MARAD determine whether LNG port refinements present seriously different consequences
  • Within 60 days: EPA issue guidance on eliminating social cost of carbon from federal decisions
  • Within 60 days: State/Commerce/Labor/USTR report on mining competitiveness
  • Within 90 days: agency heads submit IRA/infrastructure fund review reports to NEC/OMB
  • Within 90 days: DHS provide forced-labor minerals assessment to NEC
  • Secretary of Energy restart LNG export application reviews

Who is ordered

Timeline

Immediate

  • Revocation of 12 prior executive orders and abolition of associated offices/programs
  • Termination of American Climate Corps
  • Pause on IRA and infrastructure fund disbursements
  • Agency heads begin review of burdensome regulations
  • Secretary of Interior to submit termination letter for American Climate Corps MOU within 1 day

Near term (90d)

  • Within 30 days: Agency action plans to suspend/revise/rescind burdensome regulations; CEQ guidance on NEPA implementation; EPA recommendations on Endangerment Finding legality; agency reports on enforcement discretion; MARAD determination on LNG deepwater port refinements; OMB guidelines on procurement prioritization
  • Within 60 days: EPA guidance on social cost of carbon; State/Commerce/Labor/USTR report on mining competitiveness; MARAD EA and DWPA license if seriously different consequences found
  • Within 90 days: Agency reports on IRA/infrastructure fund review to NEC/OMB; DHS assessment on forced-labor minerals to NEC

Long term

  • Potential rescission of CEQ NEPA regulations and agency implementing regulations
  • Revision of public lands withdrawals
  • Updated USGS critical minerals list potentially including uranium
  • Enhanced geologic mapping for critical minerals
  • Potential trade actions on mineral reliance
  • Restocking National Defense Stockpile
  • Quadrilateral Security Dialogue mineral processing opportunities

Risks & tensions

  • Legal challenges likely to revocation of prior EOs and paused IRA/infrastructure spending
  • Conflict with state authority under Clean Air Act section 209 waivers for vehicle emissions standards
  • NEPA regulatory changes may face judicial review under Administrative Procedure Act
  • Social cost of carbon elimination could distort cost-benefit analyses of climate regulations
  • 'Required by law' carve-outs in multiple sections create implementation uncertainty
  • Forced labor assessment may presage future tariffs or import restrictions with trade law implications
  • Quadrilateral Security Dialogue mineral cooperation may face diplomatic friction with partner countries
Executive Order 14154: Unleashing American Energy · Executive Orders