The world this week

Business

Wind turbines operate at a wind farm near Palm Springs, California
Photograph: Getty Images

Donald Trump took no time to issue a gale of executive orders relating to business on his first day as president. He declared an “energy emergency” and terminated funding for renewables infrastructure under Joe Biden’s Green New Deal, ditched a goal that 50% of new cars in America should be electric, and resumed export applications for new liquefied natural-gas projects. Another order aims to expand the development of resources in Alaska.

From the January 25th 2025 edition

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