In line with market expectations, U.S. president Donald Trump lost no time in reiterating his pro oil and gas credentials and declaring an energy emergency.

Trump's slogan which has become synonymous with with his plan to boost fossil fuel production and reverse climate policies and regulations

Energy stocks moved up Tuesday on the heels of President Donald Trump’s repeat of the slogan, “Drill, baby, drill,” in his inauguration speech. While oil futures fell Tuesday on the prospect for increased supply, Trump sparked buying in energy stocks after declaring a national energy emergency to speed oil and gas permitting.

In his first day as the 47th U.S. president, Donald Trump took action to reverse many of the Biden administration's efforts to move the country toward a green-energy economy.

The misuse of power under Donald Trump is to be taken for granted. Monday ’s list of executive actions on behalf of the fossil-fuel industry was entirely expected—this time around, there is no hesitation about withdrawing from the Paris climate accord (a decision that took four months in his first term),

Though largely symbolic, President Trump’s declaration of an “energy emergency” could throw a wrench in renewable energy development and will cut into the Endangered Species Act