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Freeze on Federal Funding
OMB has rescinded its earlier memo (M-25-13) that had instructed federal agencies to pause all federal financial assistance, following a judge’s temporary freeze on the order. The new memo (M-25-14) simply states that the previous guidance is revoked, but the impact remains unclear since the original funding pause included broader programs than those targeted in a Day 1 Executive Order on energy policy.
Executive Orders
The "Unleashing American Energy" order revokes Biden-era energy and climate policies, directing agencies to review and roll back regulations that may burden domestic energy production, including oil, gas, coal, and nuclear power. It also pauses IIJA and IRA energy-related funding for 90 days, expedites environmental permitting, sets the stage for rolling back EV incentives and emissions standards, and reduces regulations on oil and gas production.
President Trump declared a National Energy Emergency, directing agencies to use emergency powers to boost domestic energy production, streamline infrastructure approvals, and ease environmental regulations, citing electric grid reliability as a key concern.
Tariffs and Energy Tax Incentives
President Trump has not taken official action on energy tariffs or tax incentives but has threatened major tariffs on China, Canada, and Mexico by February 1 over immigration and drug policy concerns. With over 50% of key grid components sourced from these countries, the GridWise Alliance plans to oppose tariffs that could raise costs and worsen supply chain issues.
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