• Relevant federal agencies must submit reports within 30 days detailing actions to revoke or rescind policies tied to the International Climate Finance Plan . o Agencies involved in international energy agreements must prioritize economic efficiency , American prosperity , consumer choice , and fiscal restraint in future engagements .
• Analysis : o This order was an anticipated Day-One action , as President Trump withdrew from the Paris Accord during his first term and clearly stated his intention to repeat the action upon taking office again . The Executive Order references Trump ’ s distaste for multilateral agreements that do not properly balance domestic economic and energysector development with emissions reduction goals .
• Outlook : o To pull the United States out of the Paris Agreement , the Trump administration will need to formally submit a withdrawal letter to the United Nations , which administers the pact . The withdrawal would become official one year after the submission . The formal withdrawal of the United States and subsequent changes to agreements under the UNFCCC will not be able to be transmitted to the United Nations until President Trump ’ s nominee to be U . S . Ambassador to the UN , Rep . Elise Stefanik ( R-NY ), is confirmed by the Senate . Her first hearing before the Senate Committee on Foreign Relations is January 21 , 2025 , with her committee vote and Senate Floor vote to be scheduled .
• Halting Offshore Wind Leases
• Details : o Temporary Withdrawal of Areas from Future Leasing
• All areas of the Outer Continental Shelf ( OCS ) are withdrawn from wind energy leasing starting January 21 , 2025 , until the memorandum is revoked .
• Any areas previously withdrawn from wind energy leasing will have their withdrawal extended starting January 21 , 2025 .
• The withdrawal applies only to wind energy leasing , not to other uses like oil , gas , minerals , or environmental conservation .
• Existing wind energy leases are unaffected , but the Secretary of the Interior will review their necessity and potential amendment or termination and provide recommendations to the President . o Study Whether Existing Leases Should be Terminated or Amended
• Federal agencies will assess the environmental and economic necessity of terminating or amending existing leases and identify any legal bases for such termination or amendment .
• The Attorney General may request courts to delay litigation related to federal wind leasing and permitting while these reviews are conducted . o Permitting Halt
• No new or renewed approvals , permits , leases , or loans for onshore or offshore wind projects will be issued until a comprehensive review is completed .
• The comprehensive review will consider the environmental impact of offshore wind on wildlife and the economic costs associated with the intermittent generation of power and the effect of subsidies on the industry . bracewell . com 5